Impact of Government Shutdown on ALTA Members

October 1, 2013

Spending authority for most of the government expired at midnight Sept. 30 after Congress failed to approve a Continuing Resolution to provide funds for most government operations. Until legislation providing for funding is signed into law, there will be some impact on federal housing and mortgage programs that will impact business of ALTA members. During the shutdown, FHA will endorse new loans in the Single Family Mortgage Loan Program, but will not make new commitments in the Multi-family Program during the shutdown. Read on for details on other federal agencies and programs.

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