Foster Care Income - Unlocking Loan Solutions with Radian

This episode is a part of Unlocking Loan Solutions with Radian, a micro-learning series for mortgage & real estate professionals, with video, audio, and job aid for each topic. Choose your preferred learning style and take your learning experience to a new level.Watch the VideoDownload the Job AidAll episodesJoin us in this episode as we delve into the topic of Foster Care Income. We'll explore how the GSEs, Fannie Mae and Freddie Mac, treat this income type, discuss guidelines around the history of income receipt, and review general documentation requirements. We'll also provide a couple of scenarios to aid your understanding of the use of this income.In this episode we will discuss:What is Foster Care Income and how it is treated by the GSEsGuidelines around the history of receiptGeneral documentation requirementsScenarios to better understand the use of Foster Care IncomeResourcesFannie Mae Selling Guide: B3-3.1-01, General Income InformationFannie Mae Selling Guide: B3-3.1-09, Other Sources of IncomeFreddie Mac Seller/Servicer Guide: 5301.1, General requirements for all stable monthly incomeFreddie Mac Seller/Servicer Guide: 5305.1, Requirements for all other income (non-employment/non-self-employment)Sign up for Radian National Training Updates