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A borrower's assets include stocks in a brokerage account they plan to use for closing. How does an underwriter typically treat these funds?
a.They may be counted, often at a discounted value, once liquidation or accessibility is documented
b.They are never usable because they are not cash
c.They count at triple their market value
d.They must be sold to the lender directly
Giải thích
Marketable securities such as stocks can be used for down payment and reserves, but underwriters may apply a discount to account for market volatility and require documentation of value and, if being used at closing, evidence of liquidation. They are not tripled or excluded outright.
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