Fannie Mae issued Lender Letter LL-2019-1 (Lender Letter), providing guidance related to the federal government shutdown. The Lender Letter clarifies Fannie Mae’s expectations and requirements with respect to credit reporting in connection with mortgages made to government employees and other workers impacted by the federal government shutdown. The guidance is effective immediately and automatically expires when the government resumes full operations.
FHA
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
April 2, 2025
