MBA Creates Member Guide in Case of Partial Government Shutdown

(Image via Mark Stebnicki/pexels.com)

The federal government remains on the brink of a partial shutdown. MBA remains directly engaged with lawmakers in both chambers of Congress–and affected regulators–and has created a member guide that outlines the potential impacts to single-family and multifamily government lending programs.

Note: as a direct result of MBA’s persistent advocacy, the Biden Administration last September identified the Internal Revenue Service’s Income Verification Express Service (IVES) as an “essential” government activity that would continue to operate during a government shutdown.

What’s next: A shutdown lasting a few days would slightly inconvenience single-family and multifamily mortgage markets. A longer delay would have more severe impacts to members and the consumers and customers they serve. MBA will remain directly engaged in all relevant conversations regarding government funding and the NFIP and will provide an update later this week.

For more information, please contact Ethan Saxon at (202) 557-2913, George Rogers at (202) 557-2797, Rachel Kelley at (202) 557-2816 or Bill Killmer at (202) 557-2736.