IRS Issues Clarification on Taxpayer Consent, Disclosure Requirements

Mike Sorohan

MBA, which has been working with the IRS and industry stakeholders on this issue, said its expects the GSEs will update their published guidance to reflect this IRS clarification.

MBA has been working with a broad range of stakeholders and policymakers, including the IRS and Treasury Department, the Federal Housing Finance Agency, Fannie Mae, Freddie Mac and Congress to obtain clarification ahead of the December 28 effective date and before the holiday break, that addresses market uncertainty about whether the new consent requirement could impact seasoned loan sales and more here!

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