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income: New ALERT from the IRS regarding the 4506T request for Tax Transcripts! - 05/01/09 04:57 PM
Attention! Mortgage Lenders, Realtors, & Consumers! ONE MORE THING that COULD slow the loan process down! Be afraid, be very afraid!
What is a 4506T form you ask? It has been around for YEARS, but thanks to the Countrywide Fast & Easy Loans, Stated Income Loans, No Documentation Loans, and all of this "fine mess you have gotten us in Ollie", these are now being actually executed on most every loan.
I just received a WARNING from of all people, my CREDIT BUREAU company regarding the IRS 4506T Request for Tax Transcripts form.
This form is used by most all … (11 comments)
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income: Trust & Cooperation! The key to the Realtor/Lender Working Relationship in Wisconsin - 12/09/08 01:49 PM
Over the course of my 20+ years in the mortgage industry, I thought that I had heard it all, seen it all, done it all, and could forecast it all! It is very clear to me now that NONE of these things are true! However, I do clearly understand that there is, and always has been, a serious "cloud of doubt" hanging over the heads of lenders, as well as a "cloud of dis-loyalty" hanging over the heads of realtors. This blog posting is quite frank, so please don't take offense! We have to work as a team in order to survive, … (0 comments)
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