When a pass-through mortgage security is issued, what does the issuing agency expect to receive?

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When a pass-through mortgage security is issued, the issuing agency expects to receive the principal and interest that are paid by the homeowner, minus a servicing fee. This fee covers the costs associated with administering the mortgage, such as collecting payments, maintaining records, and providing customer service to the homeowner. The amount of the fee varies depending on the terms of the security and other factors, but it is typically a small percentage of the mortgage payment.

When a Pass-Through Mortgage Security Is Issued, What Does the Issuing