Freddie Mac issued Bulletin 2019-2 (Bulletin), providing guidance related to the federal government shutdown. Per the Bulletin, borrowers impacted by the federal government shutdown meet forbearance requirements under Freddie Mac’s “Reduction in Income” hardship. Servicers must work with impacted borrowers that are unable to make their mortgage payments to ensure the borrower is evaluated for a forbearance plan. In addition, the Bulletin clarifies Freddie Mac’s expectations and requirements with respect to credit reporting in connection with mortgages made to government employees and other workers impacted by the federal government shutdown.
FHA
FHA Revises and Streamlines Policy Established in Mortgagee Letters 2024-24 and 2025-12
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
June 4, 2025
