source:
  type: guide
  id: fnma-sel-b3-3.4-08
  authority: Fannie Mae Selling Guide B3-3.4-08 — Interest and Dividend Income
  description: Fannie Mae Selling Guide B3-3.4-08 — Interest and Dividend Income.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-3.4-08-full
  canonical_id: fnma-sel-b3-3.4-08-full
  section: Fannie Mae Selling Guide B3-3.4-08 — Interest and Dividend Income
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-3.4-08 — Interest and Dividend Income
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B3-3.4-08, Interest and Dividend Income (03/04/2026) The following
      table provides veriﬁcation requirements for interest and dividends income. Criteria
      Requirements Documentation The lender must obtain: • copies of the borrower''s
      signed personal federal income tax returns for the most recent two years, or
      • copies of account statements that cover the most recent 24 months. Additionally,
      the lender must verify the borrower''s ownership of the assets on which the
      interest or dividend income was earned. Documentation of asset ownership must
      be in compliance with the Allowable Age of Credit Documents policy (see B1-1-03,
      Allowable Age of Credit Documents and Federal Income Tax Returns, for additional
      information). Income History A minimum two-year history is required. Income
      Continuance Lenders are not required to verify continuance unless there is evidence
      that the asset will be depleted. Published May 6, 2026 346 Criteria Requirements
      Determination of Qualifying Income Average Income: Depending on the historical
      trend of the income, the lender must calculate qualifying income as follows:
      • Stable or Increasing: Calculate an average income amount using the most recent
      two years personal federal income tax returns. • Decreasing: Calculate an average
      income amount using the most recent year personal federal income tax returns.
      Note: Subtract any assets used for down payment or closing costs from the borrower''s
      total assets before calculating expected future interest or dividend income.
      Recent Related Announcements The table below provides references to recently
      issued Announcements related to this topic. Announcements Issue Date Announcement
      SEL-2026-02 March 04, 2026'
  judgment: false
