The partial government shutdown that started on December 21, 2018, may affect some loans, but Academy is committed to doing everything possible to accommodate our borrowers’ lending needs.Examples of mortgage loan-related activities that may be impacted by the shutdown include, but are not limited to: verification of employment for borrowers who work for federal government agencies; Social Security Administration SSN and SSI validations; IRS tax return and W-2 transcript generation; new conditional commitment issuance by USDA; various operations of the FHA; and the issuance and renewal of flood insurances policies by the NFIP (re-authorized to May 31, 2019).

• Fannie Mae and Freddie Mac will continue operating as normal throughout the duration of the shutdown, as these companies are government-sponsored enterprises (GSEs) and don’t depend on the federal budgetary process for their funds.
  
  
• FHA will continue to issue FHA continue to issue FHA case numbers and will insure forward mortgage loans with limited staff.
  
  
• VA: According to the most recent information, VA’s Loan Guaranty Program will be fully operational during the shutdown.
  
  
• USDA will not be issue new commitments and will not guarantee closed loans during the shutdown. USDA loans with a conditional commitment will not be permitted to close until the shutdown has ended. Loans with conditional commitments will be allowed to close and fund.