The Selling Guide is organized into parts that reflect how lenders generally categorize various
aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the
sections below. You may also download the entire Selling Guide in PDF format.
Can borrowers still use trust accounts for down payment, closing costs, and reserves?
Yes, lenders can continue to follow the requirements in the B3-4.3-02, Trust Accounts. In addition, lenders must apply the age of document and other requirements and guidance in Lender Letter LL-2020-03, Impact of COVID-19 on Originations for any market-based assets in the trust account required for the transaction.
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