T4 FANNIE_MAE High Confidence Guidance

Lender Letter LL-2025-03 Impact of Federal Government Shutdown

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

LOW

Impact Level

Top: Compliance (2)

Classification

Regulatory Program: GSE Selling/Servicing Guidelines
Doc Type: Guidance
Effective Date: 2025-10-01
Days to Action: -288
Comment Deadline: —
Published: 2025-10-01

Urgency Basis

Temporary guidance that was effective October 1, 2025, and has already expired when federal government resumed operations (document is now historical reference only as of June 2, 2026)

Operational Context

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 loan files with written statement when verbal VOE cannot be obtained due to shutdown - Continue attempting to obtain most current paystub reflecting year-to-date earnings - Apply enhanced reserve requirements if shutdown extends beyond November 3, 2025 - Ensure Social Security number validation completed prior to loan delivery when required - Evaluate affected borrowers for forbearance plans per existing servicing guidelines

Scoring Rationale

This was temporary guidance addressing a specific operational disruption (federal government shutdown) that provided flexibility in documentation requirements while maintaining loan quality standards. The guidance has already expired since the shutdown referenced ended and normal government operations resumed. Impact scores reflect the temporary nature and limited scope of changes to standard processes.

Scored: 2026-06-02T05:01:22.533Z Model: claude-sonnet-4-20250514 Confidence: High Aggregate Score: 1.4

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.