INTERNAL REVENUE SERVICE (IRS)  is closed & has suspended the processing of all forms, including requests for tax return transcripts (Form 4506T).  While FHA & VA do not require these transcripts, they are required by many lenders for other kinds of loans, including FHA and VA, if the shutdown is prolonged.  Some lenders are waiving this requirement but with income verification to follow, as long as the borrower has signed a Form 4506T requesting IRS tax transcripts.  Fannie Mae & Freddie Mac have also relaxed their provisions allowing for closings, but subject to tax transcript verification before the GSE’s purchase of loans.  MORE TO COME!