Fannie Mae Single Family Selling Guide B3-4.2-04, Pooled Savings (Community Savings Funds) (04/01/2009)

fnma-sel-b3-4-2-04

Fannie Mae Single Family Selling Guide topic B3-4.2-04 (Pooled Savings (Community Savings Funds)). Gap-fill (verbatim, ID-diff).

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source:
  type: regulation
  id: fnma-sel-b3-4.2-04
  authority: Fannie Mae Single Family Selling Guide B3-4.2-04, Pooled Savings (Community Savings Funds) (04/01/2009)
  description: |
    Fannie Mae Single Family Selling Guide topic B3-4.2-04 (Pooled Savings (Community Savings Funds)). Gap-fill (verbatim, ID-diff). 
  effective_date: '2009-04-01'
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    section: Fannie Mae Single Family Selling Guide B3-4.2-04
    description: 'B3-4.2-04 Pooled Savings (Community Savings Funds): Introduction This topic contains information on pooled savings (community savings funds). Pooled Savings (Community Savings Funds) Pooled Savings (Community Savings Funds) Funds from a community savings account or any other type of pooled savings may be used for the down payment …'
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      authority: Fannie Mae Single Family Selling Guide B3-4.2-04, Pooled Savings (Community Savings Funds) (04/01/2009)
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      source_url: https://selling-guide.fanniemae.com/
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      paragraph_quote: Introduction This topic contains information on pooled savings (community savings funds). Pooled Savings (Community Savings Funds) Pooled Savings (Community Savings Funds) Funds from a community savings account or any other type of pooled savings may be used for the down payment if the borrower can document regular contributions to the fund. Acceptable documentation includes written confirmation from the party managing the pooled savings fund and documentation of regular borrower contributions. The borrower’s obligation to continue making contributions to the fund must be considered as part of the borrower’s debt when calculating the total debt-to-income ratio.
      drafter_attestation: Verbatim from Fannie Mae Single Family Selling Guide B3-4.2-04 body (max-gap occurrence), snapshot 5f7b8b79da595d76; substring-verified.
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Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Single Family Selling Guide B3-4.2-04, Pooled Savings (Community Savings Funds) (04/01/2009) — 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 Single Family Selling Guide B3-4.2-04

Effective 2009-04-01 · publisher's stamp for this provision

Introduction This topic contains information on pooled savings (community savings funds). Pooled Savings (Community Savings Funds) Pooled Savings (Community Savings Funds) Funds from a community savings account or any other type of pooled savings may be used for the down payment if the borrower can document regular contributions to the fund. Acceptable documentation includes written confirmation from the party managing the pooled savings fund and documentation of regular borrower contributions. The borrower’s obligation to continue making contributions to the fund must be considered as part of the borrower’s debt when calculating the total debt-to-income ratio.

Source: Fannie Mae Single Family Selling Guide B3-4.2-04, Pooled Savings (Community Savings Funds) (04/01/2009) · source URL · snapshot 5f7b8b79da595d76

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Operationalizing Fannie Mae Single Family Selling Guide B3-4.2-04, Pooled Savings (Community Savings Funds) (04/01/2009)

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Source of record: https://claudeforcompliance.com/regs/fnma-sel-b3-4-2-04/ · register fnma-sel-b3-4-2-04 · Claude for Compliance. Free to read and download; see regulatory updates and methodology.