Why is only one borrower listed on the year-end statement?

IRS regulations state: The payer of record is defined as the principal borrower. Even though there may be more than one borrower on the mortgage, the IRS requires Homepoint to prepare the 1098 only for the payer of record. If desired, you should consult a tax advisor, accountant, or tax attorney to determine how you can separate the total interest paid if the primary borrower and co-borrower are filing separate tax returns.