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Loan Mod / Employee Stock purchase

Discussion in 'Bank of America Mortgage Help' started by rasp66, Nov 13, 2012.

  1. rasp66

    rasp66 LoanSafe Member

    I am requesting a loan modification with Bank of America and am filling out the Fannie Mae Form 710 per BOA's request. I work for Comcast and have a stock purchase plan. Under the stock purchase plan, I have accumulates $13k worth of stock. I am only vested in a portion of the stock and plan to use it for retirement. My question is do I need to report this on the Fannie Mae form as an investment?

  2. Cat Damiano

    Cat Damiano Mortgage Wars

    As far as the RMA goes, the investments they would be looking for are in the form of rental property. Do these options show on your pay stubs? In many cases there are penalties such as in the case of 401k for early withdrawal of these monies, so they would not have to be used for income purposes on the form. It is also not a monthly income either.

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