ALTA welcomes today's news that the federal government has officially reopened. This agreement ends more than a month of uncertainty for homebuyers, sellers and lenders, and will help real estate transactions move forward without further delay. Throughout the shutdown, limited access to key federal services - including IRS income verification, FHA loan processing and the National Flood Insurance Program - slowed transactions nationwide.
In an ALTA survey, 54% of respondents reported impacts to closings and timelines.
A fully operational government is essential to a healthy housing market and the confidence of everyone involved in property transactions. ALTA and its members look forward to continuing our work with policymakers to promote long-term stability, efficiency and trust across the real estate ecosystem. Read ALTA's full statement: https://ow.ly/1TNq50Xr87J
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Megan Hernandez CAE | Senior Director, Public Relations and Marketing | ALTA
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