Developments in the Mortgage Industry and Markets
Some lenders are reporting examples of mortgage closings that are being delayed by the federal shutdown, and problems could mount if the shutdown continues. But for now, the impact of the shutdown has been fairly limited, say industry executives.
"Over the first few days and today, it's relatively business as usual," said David Stevens, chief executive of the Mortgage Bankers Association, in an interview Wednesday on WSJ Live. "As the days mount on lenders are going to be less and less willing adding an ever mounting pile of risk on their balance sheets."