NORTH Idaho Real Estate Pro

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Here is how Federal Government Shutdown impacts us.....

Here is how Federal Government Shutdown impacts us.....

Will keep you posted as they change (hopefully very soon) but here are some of the HUGE impacts:

IRS

·         No forms or 4506 transcripts will be issued or processed- this affects ALL loans

 HUD, FHA and Ginnie Mae

·          Expected to operate but with a skeleton crew.

·         The ordering of case numbers are not anticipated to be effected

·         CAIVRS should be available

·         Total Scorecard should be available

·         Remittance of UFMIP & MMI is not expected to be effected

 VA

·         Business as usual – VA is OPEN. Still need 4506 Transcripts and SS numbers verified to close a loan.

 USDA

·         USDA is CLOSED. Past guidance has been that Rural Housing would cease (non-essential) activity and no new loans or guarantees will be made.

 SSA

·         No verification of borrower’s SS numbers will be available

·         Only SSA new claims and benefits will remain active


CONTACT INFO:

Pam Jank, CRS, GRI, ABR, CNE, RRS, Realtor(c)Pam Jank, CRS, GRI, ABR, CNE, RRS, Realtor(c)
Your North Idaho Real Estate Pro
www.SellingNorthIdaho.com - Your Free Local MLS Property Search Link
208-661-2282 or Toll Free 800-829-2555 ext. 1275
Coldwell Banker Schneidmiller Realty
1924 Northwest Blvd, Coeur d'Alene ID 83814
 

 

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Equal Opportunity HousingEqual Opportunity Housing

 Lake Coeur d'Alene

Comment balloon 4 commentsPam Jank • October 01 2013 10:58AM

Comments

The 4506T could be a real problem going forward. Great job with your post.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) over 3 years ago

Hopefully, it will be very short lived.  I hate to think of the Buyers and Sellers out there with their moving vans ready and not able to fund and close.

Posted by Pam Jank, Your Coeur d'Alene & North Idaho Real Estate Pro (Coldwell Banker Schneidmiller Realty) over 3 years ago

Pam it truly annoys me to see how the government politicians talk about both sides of their mouths and do not truly care about the Middle Class!, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 3 years ago
Andre, at this rate there won't even be a middle class to worry about!
Posted by Pam Jank, Your Coeur d'Alene & North Idaho Real Estate Pro (Coldwell Banker Schneidmiller Realty) over 3 years ago

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