Radian's Response to Federal Government Shutdown

Applies to: Radian-insured loans to borrowers employed by the federal government or whose employment is directly impacted by the government shutdown.

Investor

Radian

Programs

Conventional

Affected areas

Employment verification; Loss mitigation

Applicability confidence

Verified: every row above is supported by the source text

What to review: Review the guidance on Radian-insured loans to borrowers employed by the federal government or directly affected by the shutdown. It expects lenders to follow GSE selling policies for documentation and verifications, and servicers to follow the GSE loss mitigation waterfall, including evaluating for forbearance. The record lists no mandatory changes and no effective date.

QC implications

• For Radian-insured loans to borrowers employed by the federal government or whose employment is directly affected by the shutdown, check whether documentation and verifications followed GSE selling policies.
• For the same affected borrowers, check whether servicers followed the GSEs' loss mitigation waterfall, including evaluating the borrower for a forbearance plan.