- · For the time being the mortgage market will continue to operate as it has, although things may be slower than usual.
- · The FHA and VA will remain open however there will be a pared down work force.
- · FNMA and Freddie Mac will continue to purchase loans.
- · The USDA will shut down. There will be no new loan approvals until a budget compromise is reached.
- · The IRS will shut down. Verification of tax returns will not be available. This has the potential of delaying closings.
Howard Hanna will continue to be here to help.
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