The Federal Government’s 2013 Fiscal Year will expire September 30, 2013. In the event the two houses of Congress cannot come to an agreement on a Continuing Resolution to keep the Federal Government funded by the September 30 deadline, many federal offices will be shut down.
- HUD has published its contingency plans in the event of a government shutdown.
- FHA will endorse new loans .
- FHA Connection will be available:
- VA – Business as usual with minimal disruptions.
- USDA – No new Conditional Commitments or Loan Note Guarantees issued.
- IRS – Requests for 4506Ts will not be processed.
- New case numbers can be obtained.
- FHA TOTAL Scorecard will be available.
- FHA will collect both upfront and MIP.
- CAIVRS will be available.
- FHA will not perform condominium processing during the shutdown. Potential Government Shutdown