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Tag: Mortgage
WHAT A GOVERNMENT SHUTDOWN MEANS TO THE MORTGAGE INDUSTRY
1. Flood Insurance 1. No new policies and/or renewals will be processed. Therefore, if a loan requiring flood insurance does not have the proper insurance in place, it cannot close under any circumstance. 1. If the policy was paid before the shut down or is not yet due for renewal, there is no impact. The… Continue reading WHAT A GOVERNMENT SHUTDOWN MEANS TO THE MORTGAGE INDUSTRY