Radian On Air
Radian On Air
Foreign Income in Mortgage Transactions - 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.
In this episode, we delve into the intriguing topic of foreign income in mortgage transactions. We shed light on its definition, importance, and how it's addressed under the guidelines set by Government Sponsored Enterprises (GSEs) like Fannie Mae and Freddie Mac.
- What is foreign income in mortgage transactions?
- Recognizing foreign income on tax returns
- Fannie Mae and Freddie Mac's foreign income requirements
- Foreign income considerations for self-employed borrowers
- Language translation and currency conversion
Resources:
- Fannie Mae Selling Guide: What is required for foreign income?
- Freddie Mac Selling Guide: 5305.2, Specific requirements for other income types
- Google Currency Converter
- Oanda Currency Converter
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