Welcome back, Dreammakers, to Today in Mortgages! In this episode, hosts Michael and Richard discuss the government shut down and how it will impact the housing market.Obviously, there's a debate going on between the left and right on how to solve this, but we are focusing only on the mortgage industry. Specifically, what essential services will continue to happen, and what will be more difficult for mortgage professionals and buyers. The answer is it's mostly undisturbed as long as this is short term. One of few issues that could arise is getting flood insurance from the federal government. The National Flood Insurance Policy is now not funded, you have to go private. In a lot of cases private flood insurance is pretty good, so hopefully there's not a problem.Another thought is USDA loans need to be guaranteed prior to funding, but in past shut downs, investors assumed the risk of getting those loans approved after the government was back up and running. Also, tax transcripts could be harder to attain. But, we allow the borrower to get their own transcripts from the irs.gov site which they still can do. Some broader market factors that could be effected by all of this include data getting collected and reporting (such as we are likely not going to get a labor report which would come out on Friday). But in general it looks like we have good enough work arounds until the shut down ends!Listen in as we discuss this and more!Grow Your Business: https://join.nflp.com/______Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.See more at TodayInMortgages.comWant to get expert coaching everyday and have the power of the best Network in Mortgages behind your production business? Learn more here. Learn more about Network Funding on our parent site. Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042. The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.

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