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I refinanced my home 12/2016, now the lender ( Freddie Mac) is wanting my tax returns from 2014 and 2015 ?Do I have to provide?

by summerdaisyfarm385 from Milton, Florida. May 23rd 2017 Reply


Robert Hanke (rjhjr007@gmail.com)
#270 ranked lender in Florida - 5 contributions

Hello Summerdaisyfarm385,It seems odd that they would now all of a sudden request this documentation. Did you provide both the 2015 and 2014 tax returns while your file was being underwritten? Have there been any late payments or changes in which the title to the property are held? To answer your question, I would think that you signed a piece of paper at closing agreeing to provide or sign anything requested after closing, thus requiring you to cooperate but I can not say for sure. If you have any further questions or need any mortgage related help, please feel free to contact me at rj@innovativemortgage.biz or 772-261-2400. Thank you, R.J. Hanke - NMLS #1134947

May 23rd 2017
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No late payments, they did not ask for this information when we refinanced in Dec.From what they are telling me is its backed by Freddie Mac and they want the info, and they can require the mortgage company to buy it back?? this sound crazy

May 23rd 2017
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,683 contributions

The short answer is yes.. When you did your refinance, one of the documents you signed was called a "Compliance Agreement".. This document stated that you will help the lender after closing to correct errors in the documents at the lenders request. This is meant to only apply to clerical errors so that the loan will meet requirements from Fannie Mae or FHA, etc. If you don't provide those requested documents, you would be in breach and the lender could call the loan due.. Keep in mind that unless there's loan fraud, they cannot undo your loan. If they missed something initially that would disqualify you, yet they issued the loan anyway.. they cannot undo it.. But be very cautions.. Tax returns have all your personal information on it.. if it's not Freddie Mac actually requesting these documents, then it's possible someone might be scamming you.. Try Googling Freddie Mac's number and call the number you find and see if you can get to the same people requesting documents.. That's the only way to know for sure.. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

May 23rd 2017
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,221 contributions

Good answers from others, William is spot on advising you to make sure it truly is Freddie Mac or your lender asking for the info. But, best to cooperate. Sounds like the lender missed some required documentation - usually a 4506T is signed at closing allowing them to get a transcript from the IRS but Freddie may be asking for the actual return which is more specific. As stated, your terms and conditions won't be changed but the lender may have to buy the loan back - and still honor the terms they approved (unless they can actually prove "fraud" which I'm sure is not the case). Good luck resolving it

May 23rd 2017
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