Will IRS Furlough Days Impact Mortgages?

Mortgage and Lending with Hamilton Group Funding, NMLS#831824 NMLS# 831824

CalculatorWill IRS Furlough Days Impact Mortgages?

Here is a thought: will the IRS furlough days impact 4506 Transcript proscessing?  When mortgage borrowers sign their disclosures, they acknowledge the lender's intention to verify tax returns with the IRS by signing a form 4506-T, which allows the lender to retrieve a tax transcript fromt the Internal Revenue Service.  Lender's use the 4506-T tax transcript to compare the borrower's w-2s to his or her reported income.  

The first 5 furlough days for 2013 are currently scheduled to take place on May 24, June 14, July 5, July 22 and August 30.  This means all services are shut down as if it were a federal holiday.  All public-facing IRS operations will be closed, including the toll free operations and Taxpayer Assistance Centers.  

The IRS will not accept and they will not return any 4506-T orders on these days.  Equifax, however, will continue to prepare all recieved requests for future submission.  Delays with 4506 transcript turn arounds should be expected.




Posted by

If you have any questions on how these information could impact your personal mortgage situation, call me today at 918-949-7248 or email me at John@Tulsa-Mortgages.com.

Enter your email address:

Delivered by FeedBurner



Providing mortgage and liability management on
an ethical and objective basis.


John Regur
Phone 918-949-7248
NMLS #831824
Click Here For Application

Mortgage banking through
Cityscape Home Mortgage
5801 East 41st Street
Suite 350
Tulsa, OK 74135
NMLS #200326


John Regur on LinkedInJohn Regur on FacebookTwitter logoGoogle+ logo




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
tax transcript
mortgage delays

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


John Regur

Branch Manager, Hamilton Group Funding NMLS#831824
Have a question? Don't hesitate to ask!

Additional Information