Fannie Mae Selling Guide B3-4.3-02 — Trust Accounts

fnma-sel-b3-4-3-02

Fannie Mae Selling Guide B3-4.3-02 — Trust Accounts.

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source:
  type: guide
  id: fnma-sel-b3-4.3-02
  authority: Fannie Mae Selling Guide B3-4.3-02 — Trust Accounts
  description: Fannie Mae Selling Guide B3-4.3-02 — Trust Accounts.
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    section: Fannie Mae Selling Guide B3-4.3-02 — Trust Accounts
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    tags:
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      authority: Fannie Mae Selling Guide B3-4.3-02 — Trust Accounts
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      fetched_at: '2026-05-25T14:09:57Z'
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      paragraph_quote: 'B3-4.3-02, Trust Accounts (04/01/2009) Introduction Published May 6, 2026 423 This topic contains information on trust accounts. Trust Accounts Trust Accounts Funds disbursed from a borrower’s trust account are an acceptable source for the down payment, closing costs, and reserves provided the borrower has immediate access to the funds. To document trust account funds, the lender must: obtain written documentation of the value of the trust account from either the trust manager or the trustee, and document the conditions under which the borrower has access to the funds and the eﬀect, if any, that the withdrawal of funds will have on trust income used in qualifying the borrower for the mortgage. Recent Related Announcements There are no recently issued Announcements related to this topic.'

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Selling Guide B3-4.3-02 — Trust Accounts — 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 B3-4.3-02 — Trust Accounts

B3-4.3-02, Trust Accounts (04/01/2009) Introduction Published May 6, 2026 423 This topic contains information on trust accounts. Trust Accounts Trust Accounts Funds disbursed from a borrower’s trust account are an acceptable source for the down payment, closing costs, and reserves provided the borrower has immediate access to the funds. To document trust account funds, the lender must: obtain written documentation of the value of the trust account from either the trust manager or the trustee, and document the conditions under which the borrower has access to the funds and the eﬀect, if any, that the withdrawal of funds will have on trust income used in qualifying the borrower for the mortgage. Recent Related Announcements There are no recently issued Announcements related to this topic.

Source: Fannie Mae Selling Guide B3-4.3-02 — Trust Accounts · source URL · snapshot 5f7b8b79da595d76