Brian Benjamin of Two Rivers Mortgage & Investment in Red Bank, NJ, noted that since the bond market rally in late December, “I’ve seen a pickup in calls, but refis are still dead.”
MBA CEO Bob Broeksmit: “We have made our concerns known to Treasury and request that IRS employees performing this vital work be deemed essential so loan closings can continue without further interruption.”
FEMA said it is working determine what options exist to enable the National Flood Insurance Program to allow the sale and renewal of flood insurance policies to continue during the government shutdown.