Friday, April 08, 2011

Rhonda Porter points out that a government shutdown would stop the mortgage underwriting process.

Lenders will not be able to order 4506Ts--tax transacripts--from the IRS.  This is the principal source of income verification.  Without it, lenders will not be able to underwrite borrowers.
 

2 comments:

http://www.halffry.com said...

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