Frye discusses how the shutdown is slowing FHA loan approvals with NPR radio
Jan 23, 2019
Ohio REALTORS President Anjanette Frye discussed the impact of the federal government's partial shutdown on the housing marketplace with the state's NPR radio stations.
According to the piece, 1-out-of-5 buyers rely on the assistance of loan insured by the Federal Housing Administration (FHA). Frye noted:
“FHA doesn't have a full staff to be processing loans, so it's slowing down the lending process. And there's not really a contingency plan that's suitable in place to fix that problem.”
CLICK HERE to hear the full report and to read the story.
