Fannie Mae Selling Guide B3-3.4-13 — Royalty Payment Income

fnma-sel-b3-3-4-13

Fannie Mae Selling Guide B3-3.4-13 — Royalty Payment Income.

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Verbatim provisions from Fannie Mae Selling Guide B3-3.4-13 — Royalty Payment Income — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Fannie Mae Selling Guide B3-3.4-13 — Royalty Payment Income

Effective 2026-03-04 · publisher's stamp for this provision

B3-3.4-13, Royalty Payment Income (03/04/2026) The following table provides requirements for royalty income. Criteria Requirements Documentation The lender must obtain evidence of the income amount using: • a royalty contract, agreement, or statement confirming amount, frequency, and duration of the income; and • the borrower’s most recent signed federal income tax return, including the related IRS Form 1040, Schedule E. Note: If royalty income is not reported on the most recent federal income tax return, the current receipt of income for the most recent 12 months must be documented using sources including, but not limited to: • bank statements, • canceled checks, or • evidence of other electronic receipt of payments. Income History A minimum 12-month history is required. Income Continuance The lender must document that income is expected to continue for at least three years from the note date. Determination of Qualifying Income The monthly income amount as documented above may be used as qualifying income.

Source: Fannie Mae Selling Guide B3-3.4-13 — Royalty Payment Income · source URL · snapshot 2897f21e1e729b42

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Source of record: https://claudeforcompliance.com/regs/fnma-sel-b3-3-4-13/ · register fnma-sel-b3-3-4-13 · verbatim, source-snapshotted regulator text from the Claude for Compliance corpus. To work from every register at once, download the corpus and follow the methodology.