FNMA LL-2013-08 Impact of Federal Government Shutdown
On October 1, Fannie Mae released Lender Letter LL-2013-08 subtitled Impact of Federal Government Shutdown.
Lender Letter LL-2013-08
To: All Fannie Mae Single-Family Sellers and Servicers
Impact of Federal Government Shutdown
Federal employees across the country may be affected by the federal government shutdown, including employees who work for government contractors, vendors, and other businesses that rely on work from government agencies or that offer goods and services to members of the government work force in their localitites.
Fannie Mae is providing temporary guidance on selling and servicing policies that may be impacted by the federal government shutdown that occurred on September 30, 2013. This guidance assumes that the shutdown will be temporary in nature. These temporary policies are effective October 1, 2013, and will automatically expire when the federal government resumes full operations. If the government shutdown lasts for a prolonged period, Fannie Mae will provide additional guidance.
Please click here to view LL-2013-08 in its entirety.
Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders, and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.