The Mortgage Bankers Association sent a letter of support this week To Sen. Tim Scott, R-S.C., who introduced a bill would prevent the Internal Revenue Service and the Treasury Department from imposing unusual reporting requirements on financial services providers to track and submit customer account information.
Tag: Internal Revenue Service
MBA Expresses Support for Bill that Would Curb IRS/Treasury Account Queries
The Mortgage Bankers Association sent a letter of support this week to Sen. Tim Scott, R-S.C., who introduced a bill that would prevent the Internal Revenue Service and the Treasury Department from imposing unusual reporting requirements on financial services providers to track and submit customer account information.
Greg Holmes of Credit Plus on COVID Challenges
Greg Holmes is Managing Partner with Credit Plus Inc., Salisbury, Md., a third-party verifications company serving the mortgage industry.
FHFA Holds 2021 Deemed-Issuance Ratio for UMBS at 60/40
The Federal Housing Finance Agency announced the deemed-issuance ratio for the 2021 calendar year in accordance with Internal Revenue Service guidelines on trading of the Uniform Mortgage-Backed Security will remain unchanged in 2021 at 60 percent Fannie Mae and 40 percent Freddie Mac.
FHFA Holds 2021 Deemed-Issuance Ratio for UMBS at 60/40
The Federal Housing Finance Agency announced the deemed-issuance ratio for the 2021 calendar year in accordance with Internal Revenue Service guidelines on trading of the Uniform Mortgage-Backed Security will remain unchanged in 2021 at 60 percent Fannie Mae and 40 percent Freddie Mac.
IRS Updates Tax Transcript Request Form
The Internal Revenue Service last week announced changes to the form lenders use to request tax transcripts in its Income Verification Express Service (IVES) Program. The new Form 4506-C supersedes Form 4506-T.
MISMO Approves Taxpayer Consent Language as New Standard
MISMO®, the mortgage industry standards organization, today announced that its successful Taxpayer Consent Language is approved as a new standard.
MISMO Approves Taxpayer Consent Language as New Standard
MISMO®, the mortgage industry standards organization, today announced that its successful Taxpayer Consent Language is approved as a new standard.
MISMO Approves Taxpayer Consent Language as New Standard
MISMO®, the mortgage industry standards organization, today announced that its successful Taxpayer Consent Language is approved as a new standard.
MBA, Trade Groups Ask Treasury to Delay Like Kind Exchange Deadlines
The Mortgage Bankers Association and other industry trade groups this week asked the Treasury Department and the Internal Revenue Service to delay deadlines applicable to like-kind exchanges currently underway to ensure liquidity in real estate markets during the coronavirus pandemic.