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Will Budget Battle Slow Loan Activity? 

Apr 08, 2011By

As the battle for the current budget continues without resolution, a potential shutdown of many government activities loom if, at least, a temporary funding resolution  is not passed by midnight tonight.  A shutdown could potentially severely limit the activities of the Federal Housing Authority (FHA), which could impact the issuance of case numbers and slow the processing for HECM loans.   Seeking to find a viable compromise, President Barack Obama has been holding direct meeting with House Speaker John Boehner and Senate Majority Leader Harry Reid.  The House of Representatives did pass a stopgap funding bill that would provide

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