T4 FANNIE_MAE High Confidence Guidance

Lender Letter LL-2026-02 Impact of Federal Government Shutdown

Temporary operational guidance to address government shutdown impact on mortgage lending processes

LOW

Impact Level

Top: Compliance (2)

Classification

Regulatory Program: GSE Selling/Servicing
Doc Type: Guidance
Effective Date: 2026-02-14
Days to Action: -152
Comment Deadline: —
Published: 2026-03-03

Urgency Basis

Temporary guidance that automatically expires when government shutdown ends - no ongoing compliance obligations beyond current date

Operational Context

Flags

Retroactive Provision

Affected Functions

Compliance Operations

Institution Applicability

All

Impact by Category

Compliance

Operational

Data Governance

Model Risk

Reporting & Disclosure

Capital & Liquidity

Consumer Protection

Third-Party Risk

Key Requirements

- Document attempts to obtain verbal VOE when unable due to shutdown - Warrant borrower employment at loan delivery unless DU-validated - Apply minimum reserve requirements for applications after March 16, 2026 if shutdown continues - Evaluate impacted borrowers for forbearance plans per existing servicing guidelines - Maintain compliance with standard age requirements for credit documents

Scoring Rationale

This is temporary guidance addressing operational disruptions from a government shutdown. The document provides flexibility around employment verification and authorizes existing forbearance tools. Since the shutdown referenced began Feb 14, 2026 and today is June 2, 2026, this guidance likely expired when government operations resumed. Impact is low as it provides relief rather than imposing new burdens, and most requirements default to existing Selling Guide standards.

Scored: 2026-06-02T01:01:25.107Z Model: claude-sonnet-4-20250514 Confidence: High Aggregate Score: 1.5

AI Analysis Disclosure — This record, including its scores, impact assessments, and Advisory Assessment (impact, risk, and recommended actions), was generated by an AI model and may contain errors or omissions. The Advisory Assessment is a starting point for analysis, not a substitute for professional judgment. Effective dates, applicability determinations, impact assessments, and any recommended actions should be independently verified against primary regulatory source documents and reviewed by qualified compliance or legal personnel before taking compliance action. This output does not constitute legal or compliance advice.