Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets
Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets — 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 B3-4.2-05 — Foreign Assets
B3-4.2-05, Foreign Assets (05/04/2022) Introduction This topic provides information on the use of assets that are located outside the United States and its territories. Requirements for Foreign Assets Published May 6, 2026 421 Requirements for Foreign Assets The lender must document all sources of funds used for down payments, closing costs and financial reserves. All documents of a foreign origin must be completed in English, or the originator must provide a translation, attached to each document, and ensure the translation is complete and accurate. When the source of those funds originates from assets located outside of the U.S. and its territories, those assets require documented evidence of the foreign assets exchanged into U.S. dollars and held in a U.S. or state regulated financial institution, and verification of the funds in U.S. dollars prior to the loan closing. The lender must evaluate large deposits in accordance with B3-4.2-02, Depository Accounts. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SEL-2022-04 May 04, 2022 Section B3-4.3, Verification of Non-Depository Assets