The shutdown of many federal government offices “is going to be very disruptive to the mortgage industry and pretty much result in a freeze of the pipeline,” Apex Home Loans CEO Craig Strent tells CNBC’s Diana Olick. “New loans can be taken, but without IRS and Social Security number verifications, (they) will not be able to proceed to closing.” Source: cnbc.com

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
Success!
Thank you for subscribing to Morning Headlines.
Back to top