The recent budget compromise reached in Washington DC that prevented a government shutdown had a direct effect of government-backed mortgages. The FHA program is an entirely government program so a government shutdown could have put a real crimp in the FHA mortgage originating and closing process. Thankfully, cooler heads prevailed and FHA loan proceed without interruption.
Comments Off on No government shutdown means no interruptions with FHA loans Posted by G.R.A. Admin on Saturday, April 9th, 2011