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Jill Johns submitted bank statements to verify assets for her down payment and closing costs. The bank statement shows several large deposits which she cannot
Jill Johns submitted bank statements to verify assets for her down payment and closing costs. The bank statement shows several large deposits which she cannot source satisfactorily. Will Fannie Mae allow you as the underwriter to deduct the unsourced deposit from her available balance and utilize the remaining money for closing? and why?
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