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

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here ×