Announcement 2025-069 Federal Government Shutdown

October 02, 2025

Announcement 2025-069 Federal Government Shutdown

Updates for October 31, 2025

Effective with new applications on or after November 3, 2025, loans utilizing income from government employment, for Agency loans only, must have the greater of:

two months of documented reserves, or
the minimum reserves required by applicable AUS

Newrez will require standard age of documentation requirements be met.

Newrez Financial LLC "Newrez" Approved Correspondent Clients please note on October 1, 2025, the US Government partially shut down due to the government failing to reach a Debt Ceiling Agreement. As a result, some government agencies and services are closed or suspended. Newrez provides the following guidance, and temporary changes to existing guidelines, regarding underwriting and purchase requirements for loans impacted and closed during the shutdown. This guidance applies to all loan types, including Agency, Non-Agency, FHA, VA and USDA.

We will continue to monitor the situation and keep you informed of any changes. Please note that this guidance is subject to revision. To view complete announcement, click here.