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The government shutdown is now the. 18 th -it is now past that date. So, what does this mean for your practice? ims spoke with elite experts in economics and finance for perspective on how the.
The severity on how government shutdown affects mortgage lending is dependent on how long the shutdown lasts. It seems this shutdown is different than the others and is mainly politically driven by Republicans and Democrats. HUD, the parent of FHA, is not expecting to affect mortgage lending on.
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As the shutdown. government employees who are going to go without paychecks or Americans who are waiting for FHA mortgage approvals. But this ridiculous partisan spat is negatively affecting.
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has co-sponsored legislation to stop lawmaker pay if Congress does. government pay be withheld until the end of the shutdown. A former combat pilot, McSally also said she is turning down her.
How does a shutdown affect ordinary Americans? During a shutdown, some government functions may continue, either because Congress has already passed a spending bill for a particular department, because an agency is reliant on funding other than congressional appropriations.
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But how does the shutdown affect the mortgage industry? Well, it depends on the type of loan involved, though just about everything will be impacted to Ideally, the shutdown won’t last too long and none of this will matter. But in the meantime, expect delays if you’re attempting to get a mortgage.
What Do Mortgage Brokers Do? Mortgage brokers are licensed and regulated financial professionals who act as the Mortgage brokers act as the middleman between you and the lender, securing loans and After mortgage brokers clear any extra conditions for the transaction and assist in getting the.