When a lender asks for an “all access letter” from your bank, they are verifying that all of the people named on the bank account are able to access the funds in the account.

Related Article Title:  Fannie Mae and Freddie Mac-All Access Letters- Does Fannie or Freddie require an “all access letter” from a bank, when the accounts have more than one person listed as an account holder? Answer: This requirement is not specifically stated in the Fannie/Freddie selling guides.  However, the way the selling guide reads would likely […]

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