Tag: bank statements

Freddie Mac Selling Guide Updates – Bulletin 2020-44 – Dated November 13, 2020

Written by: Lloyd Rutherford, Staff Writer Self-Employed borrowers were never super-easy for originators.  With COVID, they have become even more difficult.  Read this article to update your knowledge on this important market segment. Rule Synopsis: Freddie Mac is updating this bulletin originally issued on November 13, 2020. The Bulletin is intended to solely address the […]

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Minimum Number of Bank Statements Needed to Verify Assets

Question: If I have a GUS Accept/Eligible, what is required to document the funds to close? Answer: Assets and Reserves Depository Accounts:  Checking, Money Market Accounts, and Savings Documentation: Two months of recent bank statements, OR Verification of Deposit (VOD) and a recent bank statement, OR Alternate evidence (example: statement printouts stamped by lender) to […]

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