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Information for Single-Family Lending and Real Estate Professionals
 
Program Announcement

January 3, 2019
Tax Transcript Requirements Due to Government Shutdown

Dear Lending Partners:

Effective Immediately!

As a result of the continued government shutdown both loan servicers have provided the following:

Idaho Housing Finance and Association (IHFA) has no overlays to investor guidelines regarding tax transcripts during the government shutdown. Please follow FHA, VA, USDA and Fannie Mae guidelines as approved by your underwriter.

Lakeview Loan Servicing is providing the below updated guidance and temporary suspension of select requirements.

All other prior guidance issued in Announcement C2018-41 remains in effect.

Tax Transcript Requirements:

For Fannie Mae, Freddie Mac, FHA and VA loan programs, the requirement for tax transcripts as outlined in individual product matrices will be suspended. Transcripts must still be obtained for all USDA loans. When the lapse in government appropriations has ended, all normal transcript requirements will be reinstated.

Lakeview will continue to monitor the situation and provide updated guidance as warranted.

Social Security Number Validation

For any loan requiring social security number validation, a valid executed SS-89 form will be required prior to loan closing.

Please forward this program announcement to the appropriate department within your organization.

Questions? Contact: Contact Corinna.obar@wshfc.org.

 

 
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