Selling Guide

Published June 3, 2020

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.

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Can lenders continue to use stocks as reserves for a qualifying borrower during the pandemic?

Yes. Lenders may consider stocks as reserves in accordance with the requirements outlined in B3-4.3-01, Stocks, Stock Options, Bonds, and Mutual Funds. Lenders must also apply the temporary policies for market-based assets outlined in Lender Letter LL-2020-03.

Related Articles

Can lenders use retirement assets for down payment and closing costs during the pandemic?

Yes. Lenders may consider a borrower’s retirement accounts for down payment and closing costs in accordance with the Selling Guide, B3-4.3-03,...

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