source:
  type: guide
  id: fnma-sel-b3-4.4-01
  authority: Fannie Mae Selling Guide B3-4.4-01 — DU Asset Verification
  description: Fannie Mae Selling Guide B3-4.4-01 — DU Asset Verification.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-4.4-01-full
  canonical_id: fnma-sel-b3-4.4-01-full
  section: Fannie Mae Selling Guide B3-4.4-01 — DU Asset Verification
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-4.4-01 — DU Asset Verification
    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: 'B3-4.4-01, DU Asset Veriﬁcation (12/16/2020) Introduction This
      topic contains information on asset veriﬁcation for loans underwritten with
      DU, including: Liquid Assets Non-Liquid Assets Reserve Requirements Asset Values
      in the DU Underwriting Findings Report Non-Occupant Borrower Asset Requirements
      Liquid Assets DU analyzes the value of liquid assets entered in the loan application
      in its risk assessment. Assets may be excluded from the loan application if
      the borrower can qualify without them. DU considers the following assets liquid
      assets: Bonds, Bridge Loan Proceeds, Cash-on-Hand (for certain HomeReady loans
      only), Cash Value of Life Insurance, Certiﬁcate of Deposit, Checking, Gift (not
      deposited), Gift of Equity, Grant (not deposited), Individual Development Account,
      Money Market, Mutual Fund, Net Equity, Other Liquid Asset, Proceeds from Real
      Estate Property to be sold on or before closing, Proceeds from Sale of Non-Real
      Estate Asset, Retirement, Savings, Secured Borrowed Funds, Stocks, Stock Options
      (vested), and Trust Account. Note: Some of these asset types may not be available
      in the lender’s loan origination system. Non-Liquid Assets DU does not consider
      the amount of non-liquid assets. Non-liquid assets do not have to be veriﬁed,
      and will not Published May 6, 2026 448 be identiﬁed in a veriﬁcation message.
      DU considers the following assets non-liquid assets: Cash Deposit on Sales,
      Net Worth of Business, Other Non- Liquid Asset, and Unsecured Borrowed Funds.
      Note: Some of these asset types may not be available in the lender’s loan origination
      system. Reserve Requirements For loan caseﬁles underwritten with DU, DU will
      determine the reserve requirements based on the overall risk assessment of the
      loan caseﬁle and the minimum reserves that may be required for the transaction.
      Reserves may be considered a compensating factor in DU''s risk analysis, and
      may serve to improve the underwriting recommendation. Refer to the following
      topics for additional requirements related to minimum reserves: B2-2-03, Multiple
      Financed Properties for the Same Borrower B3-4.1-01, Minimum Reserve Requirements
      Asset Values in the DU Underwriting Findings Report The DU Underwriting Findings
      report will identify the following values: Total Available Assets: the total
      of all borrower(s)’ liquid assets entered into DU; Funds Required to Close:
      includes the cash needed to complete the transaction plus any debts marked paid
      by closing on purchase or limited cash-out reﬁnance transactions, other than
      subject property mortgage(s); Reserves Required to be Veriﬁed: the amount of
      reserves that must be veriﬁed; Total Funds to be Veriﬁed: the sum of Funds Required
      to Close and Reserves Required to be Veriﬁed; and Excess Available Assets, not
      required to be veriﬁed by DU: liquid assets that DU is not requiring the lender
      to verify. The Excess Available Assets, not required to be veriﬁed by DU (Excess
      Available Assets) amount represents the amount of assets remaining after subtracting
      the Total Funds to be Veriﬁed from the Total Available Assets. Excess Available
      Assets do not generally need to be veriﬁed. Non-Occupant Borrower Asset Requirements
      Assets that are owned by a non-occupant borrower can be included in the 5% minimum
      borrower contribution requirement (when applicable), and those funds must be
      entered in the loan application. Total liquid assets for the occupying borrower
      and non-occupant borrower are included in DU’s calculation of total available
      assets. Recent Related Announcements Published May 6, 2026 449 The table below
      provides references to recently issued Announcements that are related to this
      topic. Announcements Issue Date Announcement SEL-2020-07 December 16, 2020'
  judgment: false
