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Author: CCinOC Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127236  
Subject: Re: Large Deposits Date: 7/16/2013 9:59 PM
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One of you mentioned it took several phone calls to find a lender who would be happy to lend directly while the home was in a trust. Truthfully, that's not hard to do. You just need a Loan Officer willing to gather additional documents, a copy of the trust, and an attorney opinion letter.

No, you need to find a lender that has those specific "reps and warranties" included in the lender's contract with Fannie Mae. Got nothing to do with the loan officer or his/her willingness to gather "additional documents."

http://www.fanniemae.com/portal/funding-the-market/mbs/news/...
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