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Mortgage Lending

IRS To Accept e-Signed Documents

Dec
03

Effective January 7, 2013, the Internal Revenue Service (IRS) will begin accepting electronically-signed 4506-T and 4506-EZ documents, which are the income verification forms that are part of the processing of most all mortgages and loan modifications. Currently, signatures on these “request for transcript of tax return” forms are required to be original wet- ink signatures.

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Posted By Sharon Bahr read more

FHFA Seeks Comment on Use of Eminent Domain

Aug
20

The Federal Housing Finance Agency (FHFA) called for comments on the use of eminent domain to restructure existing home loans.  Comments are due on September 7, 2012.  FHFA states in a recent press release that the agency has significant concerns about the use of eminent domain to revise existing financial contracts, and that action may be necessar

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Posted By Sharon Bahr read more
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