GSE Guidance Alignment for Partial Government Shutdown

Applies to: Conventional agency mortgages where borrowers are affected by the federal government shutdown.

Addressed to

Lakeview correspondent sellersFrom the publisher, not quoted from the text

Investor

LakeviewFrom the publisher, not quoted from the text

Affected areas

Reserves; Employment verification

Affected documents

Employment verification documentation

Applicability confidence

Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted

Summary by AWACS. Lakeview Correspondent's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)

What to review: Review agency alignment flexibilities covering income, employment checks, and reserve requirements for borrowers impacted by the partial federal government shutdown.

QC implications

• Quality control should test whether conventional loans for borrowers impacted by the government shutdown correctly follow temporary agency standards for employment verification, income, and reserves.