My husband and I have been looking for an FHA streamline mortgage loan. The lender sent us a blank transcript form and asked us to sign it when it clearly states in several places not to sign if left blank. I have refused to sign it while my husband believes I am being paranoid. Why would a credible lender send that form blank and ask us to sign it blank? What could a lender do with this form in its blank state if we signed it? HELP!

Noel, Although a 4506-T (request for tax transcript) should never be sent out in blank, the solution is simple, call the lender and tell them that you will not sign the form until it has been properly completed.

Why would any credible lender sent that form blank, beats me, maybe they hired a new employee that didn't follow procedures, or a loan officer got lazy, but the bottom line is, don't sign it until they have completed, Income does not have to be verified on a FHA streamline,  so the form is necessary. 

What could a lender do with this form in its blank state? They could fill it out and request all items listed in 6 a-6, 7 & 8 for the past 4 years.

Sorry, I meant to say the form is NOT necessary

Noel,

Most lenders will require the 4506-T, even on a streamline, because the secondary market wants it to be included and may not buy the loan without it.

While the form states that you should not sign it if it is blank, the lender isn't going to be able to do anything other than get different combinations of the types of transcripts and the years that they want reviewed.  I agree it is sloppy work by the lender, but it isn't really anything to be too concerned with.