“Tax transcript” program doesn’t shield borrowers’ data

In an era of unceasing horror stories about breaches of sensitive consumer information, here’s some disquieting news for homebuyers: Federal auditors say the popular “tax transcript” program run by the IRS and used by millions of mortgage applicants a year lacks adequate security protections against disclosures of tax-return details to people who shouldn’t be allowed to obtain them. In a little-noticed audit summary last week, the Treasury Department’s Inspector General for Tax Administration said that […]

source https://therealdeal.com/2018/04/06/tax-transcript-program-doesnt-shield-borrowers-data/