Freddie Mac, Fannie Mae Offer Guidance Regarding Government Shutdown

Freddie Mac Fannie Mae Mortgage Origination Mortgage Servicing Shutdown Relief

On October 8, Freddie Mac issued Bulletin 2013-19 to provide guidance related to the federal government shutdown that began on October 1. Fannie Mae recently issued similar guidance in Lender Letter LL-2013-08. The guidance addresses income verification for new loans to government employees and reminds servicers of forbearance options for borrowers impacted by the shutdown.