Saturday, April 9, 2011

Analysts say FHA shutdown possible without budget consensus

Analysts say FHA shutdown possible without budget consensus If the government were to shutdown, two important steps in the FHA origination process would be put on hold. FHA lenders may still be able to originate loans, but they would have to wait on obtaining case numbers and a mortgage insurance certificate to be issued. During the last government shutdown in November 1995, case numbers could not be obtained.

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