Government-backed mortgage companies Fannie Mae and Freddie Mac have relaxed certain requirements that would normally restrict the approval of mortgages during a government shutdown. While they would normally require the IRS’s confirmation before allowing lenders to issue new loans, the mortgage giants will allow that confirmation to wait until after the shutdown, and will let lenders use other methods to verify a borrower’s income. However, the risk of not having the IRS’s confirmation until post-shutdown may scare away certain lenders. More here
