{
  "schema_version": 1,
  "dataset_id": "texas-asset-depletion-mortgage-rule-matrix-2026",
  "title": "Texas Asset-Depletion Mortgage Rule Matrix: 2026 Agency Version Check",
  "description": "A source-mapped comparison of the current Fannie Mae employment-related asset method, the current Freddie Mac non-adopter method, and the Freddie Mac Bulletin 2026-10 early-adopter method.",
  "version": "2026.1",
  "published_date": "2026-09-04",
  "source_reviewed_date": "2026-09-04",
  "record_count": 3,
  "scope": "A residential mortgage screening comparison for three published Fannie Mae and Freddie Mac asset-income rule versions. It is not a complete underwriting guide, does not cover every asset category or lender overlay, and does not create a universal non-agency asset-depletion method.",
  "disclaimer": "This educational matrix is not an approval, commitment to lend, rate quote, Loan Estimate, or calculation of any borrower's actual qualifying income. Current agency guides, the Freddie seller's adoption status, automated-underwriting findings, selected lender requirements, and the complete documented file control.",
  "methodology": "Kellibrooke reviewed the cited primary agency sources on the review date, separated the currently effective Freddie non-adopter method from the complete Bulletin 2026-10 early-adopter package, and recorded only rule-version screens that can be traced to those sources. Unknown or asset-category-specific requirements remain identified as items to verify rather than being converted into universal rules.",
  "landing_page_url": "https://kellibrooke.com/asset-depletion-calculator/",
  "correction_policy_url": "https://kellibrooke.com/editorial-standards/",
  "license": {
    "name": "Creative Commons Attribution 4.0 International",
    "url": "https://creativecommons.org/licenses/by/4.0/"
  },
  "fields": {
    "status_as_of_review": "Rule-version status on the source review date",
    "implementation_timing": "Adoption or current-guide checkpoint required before choosing the row",
    "loan_purpose": "Published transaction-purpose screen",
    "occupancy_and_units": "Published occupancy and unit-count screen",
    "leverage_screen": "Published leverage boundary or referenced governing section",
    "minimum_net_assets": "Published minimum net-asset rule or explicit absence on the cited page",
    "divisor": "Published denominator for deriving a monthly qualifying-income amount",
    "required_deductions": "Amounts that must be resolved before applying the divisor",
    "asset_and_documentation_screen": "High-level asset, ownership, access, seasoning, and documentation checkpoints",
    "decision_note": "The main rule-version mixing risk for the row",
    "source_ids": "Pipe-delimited identifiers for the primary sources mapped to the row",
    "source_reviewed_date": "Date Kellibrooke last checked the mapped primary-source guidance",
    "dataset_version": "Version of this published matrix"
  },
  "sources": [
    {
      "id": "fannie-employment-assets",
      "publisher": "Fannie Mae",
      "section": "B3-3.4-06, Employment Related Assets as Qualifying Income",
      "guide_date": "2026-03-04",
      "reviewed": "2026-09-04",
      "url": "https://selling-guide.fanniemae.com/sel/b3-3.4-06/employment-related-assets-qualifying-income"
    },
    {
      "id": "freddie-assets-current",
      "publisher": "Freddie Mac",
      "section": "Section 5307.1, Assets as a Basis for Repayment of Obligations",
      "guide_date": "current-on-review-date",
      "reviewed": "2026-09-04",
      "url": "https://guide.freddiemac.com/app/guide/section/5307.1"
    },
    {
      "id": "freddie-bulletin-2026-10",
      "publisher": "Freddie Mac",
      "section": "Bulletin 2026-10, Accumulated Assets as Income",
      "guide_date": "2026-08-05",
      "reviewed": "2026-09-04",
      "url": "https://guide.freddiemac.com/ci/okcsFattach/get/1010693_7"
    }
  ],
  "rows": [
    {
      "sequence": 1,
      "id": "fannie-current",
      "agency_path": "Fannie Mae B3-3.4-06 current method",
      "status_as_of_review": "Current Fannie Mae employment-related assets method on the review date.",
      "implementation_timing": "Use the current complete Fannie Mae guide and the selected lender's requirements for the actual file.",
      "loan_purpose": "Purchase or limited cash-out refinance only.",
      "occupancy_and_units": "Principal residence or second home; units as permitted by occupancy type.",
      "leverage_screen": "Maximum 70% LTV, CLTV, and HCLTV, or 80% when the owner of the assets used to qualify is at least 62 at closing and the joint-ownership requirements are met.",
      "minimum_net_assets": "No separate minimum net-asset amount is stated on the cited rule page.",
      "divisor": "Net documented assets divided by the loan's amortization term in months.",
      "required_deductions": "Subtract an applicable full-distribution penalty and funds used for down payment, closing costs, and required reserves.",
      "asset_and_documentation_screen": "Assets must meet the rule's ownership, liquidity, availability, access, eligibility, and documentation requirements. Checking and savings are generally ineligible unless sourced from an eligible employment-related asset.",
      "decision_note": "A worksheet result does not establish asset, transaction, borrower, or lender eligibility.",
      "source_ids": "fannie-employment-assets",
      "source_reviewed_date": "2026-09-04",
      "dataset_version": "2026.1"
    },
    {
      "sequence": 2,
      "id": "freddie-current-non-adopter",
      "agency_path": "Freddie Mac Section 5307.1 current non-adopter method",
      "status_as_of_review": "Current for a Freddie seller that has not early-adopted the complete Bulletin 2026-10 package.",
      "implementation_timing": "Confirm the specific Freddie seller's adoption status before selecting this version.",
      "loan_purpose": "Purchase, no-cash-out refinance, or Enhanced Relief Refinance under the current non-adopter rule.",
      "occupancy_and_units": "One- or two-unit primary residence or second home under the current non-adopter rule.",
      "leverage_screen": "Generally a maximum 80% LTV, TLTV, and HTLTV; Enhanced Relief follows the applicable Section 4304.3 ratios.",
      "minimum_net_assets": "No $30,000 minimum from Bulletin 2026-10 should be imported into this non-adopter version.",
      "divisor": "Net eligible assets divided by 240 months.",
      "required_deductions": "Subtract the funds, gift or borrowed amounts, and pledged or encumbered amounts required by the current Section 5307.1 method.",
      "asset_and_documentation_screen": "Ownership, access, borrower age, asset eligibility, and documentation differ by asset category under the current rule.",
      "decision_note": "Do not mix the 240-month non-adopter calculation with selected requirements from the Bulletin package.",
      "source_ids": "freddie-assets-current|freddie-bulletin-2026-10",
      "source_reviewed_date": "2026-09-04",
      "dataset_version": "2026.1"
    },
    {
      "sequence": 3,
      "id": "freddie-bulletin-2026-10-adopter",
      "agency_path": "Freddie Mac Bulletin 2026-10 early-adopter or future mandatory method",
      "status_as_of_review": "Available only when the Freddie seller has implemented the complete Bulletin 2026-10 package; mandatory for mortgages with settlement dates on or after February 3, 2027.",
      "implementation_timing": "Sellers may implement early, but adoption must be confirmed for the selected lender and file.",
      "loan_purpose": "Purchase or no-cash-out refinance under the complete Bulletin package.",
      "occupancy_and_units": "Primary residence, second home, or investment property under the complete Bulletin package.",
      "leverage_screen": "Applicable Section 4203.1 LTV, TLTV, and HTLTV limits replace the current non-adopter 80% ceiling.",
      "minimum_net_assets": "At least $30,000 in net eligible assets.",
      "divisor": "Net eligible assets divided by 180 months.",
      "required_deductions": "Apply the complete Bulletin package's asset, account-value, funds-to-close, and other required deduction tests before calculating income.",
      "asset_and_documentation_screen": "Requires an Accept Mortgage. Depository accounts and securities generally require 12-month seasoning unless funded from eligible sources, plus the Bulletin's account-balance change tests and documentation rules.",
      "decision_note": "Early adoption means the complete package, not the 180-month divisor by itself.",
      "source_ids": "freddie-bulletin-2026-10|freddie-assets-current",
      "source_reviewed_date": "2026-09-04",
      "dataset_version": "2026.1"
    }
  ]
}