News

A Decade Later: It’s been 10 years since the financial crisis rocked America’s economy

When John Taylor starts remembering the years leading up to the financial crisis, his fury wells up all over again. As president of the nonprofit National Community Reinvestment Coalition, he warned Congress about the predatory and fraudulent lending that was … Read more

Homeowners are sitting on a record amount of cash — and not tapping it

U.S. homeowners today are getting richer by the minute, but they are less likely to cash in on their newfound wealth than during previous housing booms. As home values rise, home equity lines of credit, often used to tap home … Read more

Questions to Expect From Mortgage Lenders

Mortgage applications can be time-consuming and tedious because after all, there’s a lot of money on the line. Lenders devised the mortgage application process to collect proof that shows the borrower can and will repay the loan in a timely manner. … Read more

Common Misconceptions First-Time Homebuyers Often Have

Online searching is a popular means for home buyers to try and locate the right home for them. But while the technology is there for people to find the right house for them, a search of what the local market can … Read more

How To Read And Respond To Your Notice From The IRS

  Welcome to correspondence season! Correspondence season is the term that tax professionals use to describe the period after tax season officially ends. Many taxpayers think that the Internal Revenue Service (IRS) takes a break in May and June, but … Read more

IRS Computer Glitch Caused By ‘Master File’ Issue

A view of the Internal Revenue Service’s headquarters on March 24, 2016, in Washington, D.C. Brendan Smialowski/AFP/Getty Images Tuesday’s tax day computer glitch at the IRS prevented the agency from accepting millions of tax returns and forced the IRS to extend … Read more

IRS payment site crashes hours before Tax Day filing deadline

Hours before the midnight Tax Day deadline, the IRS page for paying your tax bill using your bank account crashed. The IRS “Direct Pay” page allows filers to transfer funds from their checking or savings account to pay what they … Read more

Veri-Tax Verification of Employment / Income Successfully Integrated Into Day 1 Certainty™ Program from Fannie Mae

Combination of Fannie Mae Day 1 Certainty™ and Veri-Tax “customer happiness” service creates compelling value for participating lenders April 17, 2018 06:03 AM Pacific Daylight Time IRVINE, Calif.–(BUSINESS WIRE)–Veri-Tax LLC, a leading national verification specialist serving the mortgage, consumer credit, alternative … Read more

Homeowners are sitting on $5.4 trillion in equity, the most ever

Rising home values are making homeowners richer, a lot richer. Whether they choose to use it or not, the amount of equity today’s homeowners are able to tap is at the highest level on record, according to a new report … Read more

Mortgage applications stall, along with interest rates

Diana Olick | @DianaOlick The start of the spring housing market has yet to energize the mortgage market, the latest numbers from the Mortgage Bankers Association show. Total mortgage application volume was essentially flat last week, up just 0.3 percent on … Read more