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Statement by Secretary Mnuchin on Mortgage Relief for Federal Employees Affected by Shutdown

Statement by Secretary Mnuchin on Mortgage Relief for Federal Employees Affected by Shutdown

Washington – (RealEstateRama) — U.S. Treasury Secretary Steven T. Mnuchin issued the statement below commending the efforts of mortgage lenders, mortgage servicers, and other financial institutions that are working to assist those who may face financial hardships resulting from the federal government shutdown.

U.S. Department of the Treasury

The ongoing shutdown has required many federal agencies to furlough some employees, and also affects government contractors, vendors, and others who provide services to the federal government. Many of these individuals nonetheless need to make payments on mortgages and other obligations.

“We applaud the actions of mortgage lenders, mortgage servicers, and other financial institutions, including Fannie Mae and Freddie Mac, that are taking steps to assist individuals experiencing temporary financial difficulties due to the government shutdown,” said Secretary Mnuchin. “The Administration is committed to doing all that we can, consistent with the law, to alleviate the effects of the shutdown.”

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The Department of the Treasury is organized into two major components the Departmental offices and the operating bureaus. The Departmental Offices are primarily responsible for the formulation of policy and management of the Department as a whole, while the operating bureaus carry out the specific operations assigned to the Department. Our bureaus make up 98% of the Treasury work force.

Mission
Serve the American people and strengthen national security by managing the U.S. Government's finances effectively, promoting economic growth and stability, and ensuring the safety, soundness, and security of the U.S. and international financial systems.

Contact:

Tel: (202) 622-2000
Fax: (202) 622-6415

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