News

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

How to buy a house when you have student loan debt

Fotolia/TNS Robin Saks FrankelBankrate.com You went to college, maybe even graduate school, and got a job. You’ve been steadily employed since then and are bringing home a decent paycheck. A generation or two ago, the next step would likely have … Read more

Homeownership Rate Rose in 2017 for First Time Since 2004

The U.S. homeownership rate rose in 2017 for the first time in 13 years, driven by young buyers who overcame rising prices, tight supply and strict lending conditions to purchase their first homes. The annual increase marks a crucial turning … Read more

Is Your Student Loan Debt Hurting You Financially? Over 42% Say Yes

Given how expensive a college education is, it’s no surprise that so many graduates end up with crushing student loan debts. And while these debts don’t carry the extremely high interest rates that credit card accounts do, the sheer size … Read more

Homeowners are sitting on trillions in cash

A growing number of homeowners are in the money — big money. The amount of home equity borrowers now have at their disposal reached an all-time high in the third quarter of last year. The 42 million homeowners with mortgages … Read more

IRS scrambles to clear ‘clogged drain’ slowing mortgage applications

WASHINGTON — Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans. During a conference call late Monday, IRS … Read more