WASHINGTON — You might assume it's just another boring-looking piece of the paper blitz you're hit with when you apply for a home loan. But given IRS Form 4506-T's new prominence in the fraud-shocked ...
If you’re a mortgage lender, you’re undoubtedly familiar with IRS Form 4506. Introduced as a fraud prevention measure, Form 4506 is required from nearly every borrower to prove that their tax returns ...
Craig B. sent this one in, discovered when doing some research on prepaid interest: "Prepaid interest is interest that you pay in advance. Prepaid interest can only occur at the closing of a loan. It ...
EGG HARBOR CITY, N.J.--(BUSINESS WIRE)--National Credit-reporting System, Inc. (NCS), a full-service consumer reporting agency specializing in income, identity and credit intelligence, announced the ...
You might assume it's just another boring-looking piece of the paper blitz you're hit with when applying for a home loan. But given the new prominence of IRS Form 4506-Ts in the fraud-shocked mortgage ...
MISMO Resource offers lenders a streamlined data approach for requesting transcripts of tax returns. The Mortgage Industry Standards Maintenance Organization (MISMO), is seeking public comment on its ...
Q We recently went to settlement on our first home. The lawyer conducting the process handed us a large pile of papers and asked us to sign them. One of them was a form that would authorize our lender ...
You should always keep copies of your tax returns for at least three years. But if you accidentally toss out some of that paperwork too soon, don’t stress; you can request a tax transcript from the ...
When dealing with financial or legal matters, having a copy of your tax return can be essential. A copy provides an exact replica of the original document filed with the IRS, which might be necessary ...