source:
  type: guide
  id: fnma-sel-b3-4.2-05
  authority: Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets
  description: Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-4.2-05-full
  canonical_id: fnma-sel-b3-4.2-05-full
  section: Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-4.2-05 — Foreign Assets
    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: B3-4.2-05, Foreign Assets (05/04/2022) Introduction This topic
      provides information on the use of assets that are located outside the United
      States and its territories. Requirements for Foreign Assets Published May 6,
      2026 421 Requirements for Foreign Assets The lender must document all sources
      of funds used for down payments, closing costs and ﬁnancial reserves. All documents
      of a foreign origin must be completed in English, or the originator must provide
      a translation, attached to each document, and ensure the translation is complete
      and accurate. When the source of those funds originates from assets located
      outside of the U.S. and its territories, those assets require documented evidence
      of the foreign assets exchanged into U.S. dollars and held in a U.S. or state
      regulated ﬁnancial institution, and veriﬁcation of the funds in U.S. dollars
      prior to the loan closing. The lender must evaluate large deposits in accordance
      with B3-4.2-02, Depository Accounts. Recent Related Announcements The table
      below provides references to recently issued Announcements that are related
      to this topic. Announcements Issue Date Announcement SEL-2022-04 May 04, 2022
      Section B3-4.3, Veriﬁcation of Non-Depository Assets
  judgment: false
