Tag: Tax Transcripts

Tax Returns During COVID-19

Question: Are tax transcripts required for a Fannie or Freddie loan for a self-employed borrower income? I thought I heard that they are temporarily not required due to the COVID-19 and the IRS working at less capacity. Answer: Fannie and Freddie do not require transcripts in a file UNLESS the transcript was ordered AND processed […]

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USDA-Rule Update Alert!

By: David Hail, Staff Writer Rule Synopsis: The Single Family Housing Guaranteed Loan Program suspended the requirement of Internal Revenue Service (IRS) Form 4506-T for all adult household members until further notice.  The suspension is effective December 21, 2017 and applies to all final GUS and manually underwritten loan submissions to USDA. Supporting Resource: USDA-Suspension […]

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