Posted To: Pipeline Press

“Rob, with the announcement a while back that Quicken Loans inked a mortgage deal with Charles Schwab, and now with Schwab buying TD Ameritrade, do you think Quicken will go after those customers as well?” Gee, do ya’ think? And for anyone selling loans, or originating loans, I received this note yesterday. “Rob, have you heard of the IRS’ Taxpayer First regulations that take effect on December 28 th ? As I understand it, a new disclosure form is required if you’re passing any tax return information on to third parties – like an investor . True?” Yes, more documents to fund any loan that will be sold! The lending industry is focused on disclosures by the IRS, and as I understand it, any information provided by the IRS from December 28 on falls…(read more)

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Source: Mortgage News Daily