Government agencies and enterprises issued guidance on Wednesday for mortgage lenders and servicers during the current government shutdown, which affects federal employees, services, contractors, vendors and other businesses.

Fannie Mae and Freddie Mac are waiving some requirements for lenders due to the potential inability to confirm income, reserves, tax, and Social Security information from borrowers amid the slowdown in government operations. Their guidance will remain in effect until operations are fully resumed.

Freddie said it will “continue to monitor the situation and may revise or revoke” guidance if the shutdown extends for a prolonged period, according to a details ⇒

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