Posted To: Pipeline Press

This budget thing is out of control. In a blow to privacy, did you know that the proposal would require banks, credit unions, etc., to report to the IRS any account that has a minimum of, or transactions over, $600 or over the course of a year has a total of $600 in combined debits and credits? What is happening in Washington may be one of the topics covered by this Friday’s talk with MBA President and CEO Bob Broeksmit, who is co-hosting The Mortgage Collaborative’s Rundown with Rich Swerbinsky, the COO of The Mortgage Collaborative, and me as we discuss current events in the mortgage market for 45 minutes on Friday at 3PM ET in “The Rundown with Rich and Rob.” We may also discuss new entrants inserting themselves into the lending landscape. For example, there’s…(read more)

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Source: Mortgage News Daily