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I just received an email from one of my lenders and they say that for all future loans they will require a Form 4506-T.

Why?

LOAN FRAUD.

Last month they funded a loan and upon verification of information (which they did after the loan closed) it was discovered that all the employment the borrower gave the lender was FICTITIOUS.  Everything was fabricated by the borrower: the employer, the pay stubs, the W-2.

How people think they can get away with this kind of stuff is beyond me, but I suspect there are some who still do –  and under former lax lending practices there were probably MANY who did (manage to get away with this kind of stuff).

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