Fannie Mae – Tax Installment Agreements-Payment History: What is the guideline for number of months of satisfactory payments for an IRS Tax Installment Agreement?
Answer: Fannie Mae has not issued any additional guidance on this topic since it was announced in late January. You mention that your underwriter is requiring a 3-month history. The selling guide language DOES NOT say anywhere that a 3-month history is required on previous years’ taxes. It says simply this: “evidence the borrower is current […]