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Other Sources of Income | Fannie Mae The following table provides verification requirements for Social Security income If a borrower’s Social Security income is validated by the DU validation service, DU will issue a message indicating the required documentation This documentation may differ from the requirements described above See B3-2-02, DU Validation Service
Fannie Mae Selling Guide Updates: What You Need to Know What's New: Lenders can treat 15% of Social Security income and the full amount of qualifying child support income as nontaxable income without additional documentation
Selling Guide | Fannie Mae Get answers to Guide policy questions with Fannie Mae's AI-powered search tool Forms, announcements, lender letters, legal documents, and more The Relevance Inspector will open in the Coveo Administration Console
FAQ: Top Trending Selling FAQs - Fannie Mae The lender should give special consideration to regular sources of income that may be nontaxable, such as child support payments, Social Security benefits, workers’ compensation benefits, certain types of public assistance payments, and food stamps
Social Security Income - Fannie Mae Note: While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling and Servicing Guide and their updates, including Guide Announcements, Lender Letters, and Release Notes, are the official statements of Fannie Mae's policies and procedures, and should be complied with in the event of discrepancies
Announcement SEL-2022-09 – Selling Guide Updates - Fannie Mae Get answers to your policy and guide questions, straight from the source The October Selling Guide update includes changes related to retention of asset verification reports, Social Security income documentation, use of average median credit score for manually underwritten loans, and miscellaneous updates
What is required for Social Security Income? If a borrower’s Social Security income is validated by the DU validation service, DU will issue a message indicating the required documentation This documentation may differ from the requirements described above
Guide | Fannie Mae The Fannie Mae Selling Guide as modified, amended, or supplemented from time to time
Selling Guide Announcement (SEL-2022-09) Oct. 5, 2022 - Fannie Mae In addition to these changes, we reorganized the policy for Social Security income in our Guide to make it easier to differentiate the verification requirements when the borrower is drawing benefits from their own account or work record versus from another person’s account or work record