Without IRS, SSN verifications, good luck closing a mortgage loan

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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