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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Starting Oct. 2, it’s going to get much riskier to fib about your income when you apply for a home mortgage. That’s because the Internal Revenue Service is overhauling a key income verification tool ...

Starting Monday, it's going to get much riskier to fib about your income when you apply for a home mortgage. That's because the Internal Revenue Service is overhauling a key income verification tool ...