rewrite following paragraph. Your payment has been acknowledged, however, we regret to inform you that it cannot be applied to your account at this time. Unfortunately, we do not accept partial payment on mortgage loans. You do have 15 grace to make the payment without assessing a late charge and you have until the end of the month not to assess any negative credit report. Also, on your check you made it out to pay Grand Bank, but it should be made out to MFPSP( Mortgage Funding Corporation PSP)