Shutdown's biggest housing impact: Mortgage lenders can't verify borrower's income with IRS

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A form from the U.S. Internal Revenue Service that lenders depend on to verify borrowers’ income information in the process of making a loan is not being issued by the federal agency while the government’s shut down. That, more than any other factor — delayed Federal Housing Administration-processed loans, for example — will have the largest effect on the mortgage market if the shutdown drags on, according to the Wall Street Journal.

Source: Wall Street Journal