{"id":59354,"date":"2025-03-14T09:30:18","date_gmt":"2025-03-14T08:30:18","guid":{"rendered":"https:\/\/housesmarketplace.com\/how-a-government-shutdown-could-impact-reverse-mortgages\/"},"modified":"2025-03-14T09:30:18","modified_gmt":"2025-03-14T08:30:18","slug":"how-a-government-shutdown-could-impact-reverse-mortgages","status":"publish","type":"post","link":"https:\/\/housesmarketplace.trio-tv.com\/ru\/how-a-government-shutdown-could-impact-reverse-mortgages\/","title":{"rendered":"\u041a\u0430\u043a \u0437\u0430\u043a\u0440\u044b\u0442\u0438\u0435 \u043f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u044c\u0441\u0442\u0432\u0430 \u043c\u043e\u0436\u0435\u0442 \u043f\u043e\u0432\u043b\u0438\u044f\u0442\u044c \u043d\u0430 \u043e\u0431\u0440\u0430\u0442\u043d\u0443\u044e \u0438\u043f\u043e\u0442\u0435\u043a\u0443"},"content":{"rendered":"
\n

In what seems to have become an ongoing tradition, lawmakers in Congress<\/strong><\/a> are bringing the federal government ever closer to a partial shutdown due to an impending lapse in appropriations scheduled for Friday, March 14 if they can\u2019t agree on a funding plan. The impacts are likely to be felt across a wide swath of government services, but in terms of mortgage lending, the impacts tend to be minimal \u2014 except when it comes to reverse mortgages.<\/p>\n

With a reverse mortgage, since the vast majority of business is conducted under the Federal Housing Administration<\/strong><\/a> (FHA)\u2019s Home Equity Conversion Mortgage (HECM<\/a>) program, a scaling back of FHA services \u2014 including the endorsement of loans for FHA insurance \u2014 immediately cease once the current appropriations expire.<\/p>\n

Why a shutdown could happen<\/h2>\n

While the Republican-controlled House of Representatives<\/strong><\/a> did pass a continuing resolution<\/a> (CR) this week designed to keep the government open for six more months, the decision now heads to the Senate<\/strong><\/a> where the Democratic minority would need to participate in order to easily pass the plan.<\/p>\n

But Democrats are locked out of majorities in both congressional chambers and no longer occupy the White House<\/strong><\/a>. Faced with political pressure from constituents to push back against wholesale cuts to the federal government being instituted by the Trump administration and Elon Musk\u2019s U.S. DOGE Service<\/strong><\/a>, Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday indicated Democrats would be disinclined<\/a> to support the Republican spending plan.<\/p>\n

That would mean that every Senate Republican, alongside at least eight Democrats, would be needed to pass key procedural hurdles to move the spending bill to a final vote. As of Thursday, only one Democratic senator \u2014 John Fetterman (Penn.) \u2014 has signaled he would support<\/a> the plan. But one Republican, Rand Paul (Ky.), has also signaled that he would not<\/a>.<\/p>\n

The potential reverse mortgage impact<\/h2>\n

The action plan for the U.S. Department of Housing and Urban Development<\/strong><\/a> (HUD) should a shutdown take place was last updated in Sept. 2023, but a HUD spokesperson explained for HousingWire<\/strong>\u2019s Reverse Mortgage Daily (RMD) that it remains in effect.<\/p>\n

In the event of a shutdown under that plan, the \u201cOffice of Single Family Housing will endorse new loans, with the exception of [HECM] and Title I loans, under current multiyear loan guarantee commitment authority in order to support the health and stability of the U.S. mortgage market,\u201d the plan says.<\/p>\n

The document puts a finer point on it later when specifying \u201cFHA does not have the authority to insure additional HECMs during this period due to the statutory cap limiting the number of HECMs under the HECM program,\u201d a cap that has been a target<\/a> of unrealized legislative change for years.<\/p>\n

Minimum operations necessary to support FHA\u2019s existing portfolio will continue, however, which includes insurance claims payments and servicing of secretary-held notes and mortgages, including HECMs, meaning borrowers with reverse mortgages already in place should not feel the impacts of a shutdown on their ability to take draws.<\/p>\n

But government-provided customer service for certain programs, including HECM, is likely to be impacted. The 2023 plan detailed that messages to a HECM-specific support email address (hecmhelp@hud.gov) would not be responded to until appropriations are back in place.<\/p>\n

Prior shutdown<\/h2>\n

The last time there was a partial federal government shutdown, the overall impacts on reverse mortgage business were disruptive but relatively minimal. A lack of FHA endorsement activity artificially inflated<\/a> the number of endorsed loans the month after funding resumed, and industry performance metrics were clouded for months following the December 2018-January 2019 shutdown.<\/p>\n

At the time the shutdown occurred, however, industry professionals regularly reported to RMD that it was largely \u201cbusiness as usual<\/a>.\u201d Direct lenders tend to be more impacted than brokers, and while some professionals voiced concerns of more adverse impacts if the shutdown remained prolonged, it was short enough in that instance \u2014 despite being the longest partial shutdown in U.S. history \u2014 to keep things moving relatively smoothly.<\/p>\n

Less predictable this time is the nature of support the department can provide after much of the federal government has endured staffing and program cuts at the direction of DOGE. But as happened in 2023, it\u2019s always possible for politicians in Washington to avert a shutdown at the last possible moment.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In what seems to have become an ongoing tradition, lawmakers in Congress are bringing the federal government ever closer to a partial shutdown due to an impending lapse in appropriations scheduled for Friday, March 14 if they can\u2019t agree on a funding plan. The impacts are likely to be felt across a wide swath of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59354","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nHow a government shutdown could impact reverse mortgages - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.trio-tv.com\/ru\/how-a-government-shutdown-could-impact-reverse-mortgages\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How a government shutdown could impact reverse mortgages - Houses Marketplace\" \/>\n<meta property=\"og:description\" content=\"In what seems to have become an ongoing tradition, lawmakers in Congress are bringing the federal government ever closer to a partial shutdown due to an impending lapse in appropriations scheduled for Friday, March 14 if they can\u2019t agree on a funding plan. The impacts are likely to be felt across a wide swath of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/housesmarketplace.trio-tv.com\/ru\/how-a-government-shutdown-could-impact-reverse-mortgages\/\" \/>\n<meta property=\"og:site_name\" content=\"Houses Marketplace\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-14T08:30:18+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041d\u0430\u043f\u0438\u0441\u0430\u043d\u043e \u0430\u0432\u0442\u043e\u0440\u043e\u043c\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 \u043c\u0438\u043d\u0443\u0442\u044b\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/how-a-government-shutdown-could-impact-reverse-mortgages\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/how-a-government-shutdown-could-impact-reverse-mortgages\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#\\\/schema\\\/person\\\/1276f6cf52b5de6bd341c72ea8c75b0b\"},\"headline\":\"How a government shutdown could impact reverse mortgages\",\"datePublished\":\"2025-03-14T08:30:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/how-a-government-shutdown-could-impact-reverse-mortgages\\\/\"},\"wordCount\":717,\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"ru-RU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/how-a-government-shutdown-could-impact-reverse-mortgages\\\/\",\"url\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/how-a-government-shutdown-could-impact-reverse-mortgages\\\/\",\"name\":\"How a government shutdown could impact reverse mortgages - Houses Marketplace\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#website\"},\"datePublished\":\"2025-03-14T08:30:18+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#\\\/schema\\\/person\\\/1276f6cf52b5de6bd341c72ea8c75b0b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/how-a-government-shutdown-could-impact-reverse-mortgages\\\/#breadcrumb\"},\"inLanguage\":\"ru-RU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/how-a-government-shutdown-could-impact-reverse-mortgages\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/how-a-government-shutdown-could-impact-reverse-mortgages\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How a government shutdown could impact reverse mortgages\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#website\",\"url\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/\",\"name\":\"Houses Marketplace\",\"description\":\"International Real Estate\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ru-RU\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#\\\/schema\\\/person\\\/1276f6cf52b5de6bd341c72ea8c75b0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ru-RU\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/ru\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How a government shutdown could impact reverse mortgages - Houses Marketplace","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/housesmarketplace.trio-tv.com\/ru\/how-a-government-shutdown-could-impact-reverse-mortgages\/","og_locale":"ru_RU","og_type":"article","og_title":"How a government shutdown could impact reverse mortgages - Houses Marketplace","og_description":"In what seems to have become an ongoing tradition, lawmakers in Congress are bringing the federal government ever closer to a partial shutdown due to an impending lapse in appropriations scheduled for Friday, March 14 if they can\u2019t agree on a funding plan. The impacts are likely to be felt across a wide swath of […]","og_url":"https:\/\/housesmarketplace.trio-tv.com\/ru\/how-a-government-shutdown-could-impact-reverse-mortgages\/","og_site_name":"Houses Marketplace","article_published_time":"2025-03-14T08:30:18+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"\u041d\u0430\u043f\u0438\u0441\u0430\u043d\u043e \u0430\u0432\u0442\u043e\u0440\u043e\u043c":"admin","\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f":"4 \u043c\u0438\u043d\u0443\u0442\u044b"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/housesmarketplace.trio-tv.com\/how-a-government-shutdown-could-impact-reverse-mortgages\/#article","isPartOf":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/how-a-government-shutdown-could-impact-reverse-mortgages\/"},"author":{"name":"admin","@id":"https:\/\/housesmarketplace.trio-tv.com\/#\/schema\/person\/1276f6cf52b5de6bd341c72ea8c75b0b"},"headline":"How a government shutdown could impact reverse mortgages","datePublished":"2025-03-14T08:30:18+00:00","mainEntityOfPage":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/how-a-government-shutdown-could-impact-reverse-mortgages\/"},"wordCount":717,"articleSection":["Uncategorized"],"inLanguage":"ru-RU"},{"@type":"WebPage","@id":"https:\/\/housesmarketplace.trio-tv.com\/how-a-government-shutdown-could-impact-reverse-mortgages\/","url":"https:\/\/housesmarketplace.trio-tv.com\/how-a-government-shutdown-could-impact-reverse-mortgages\/","name":"How a government shutdown could impact reverse mortgages - Houses Marketplace","isPartOf":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/#website"},"datePublished":"2025-03-14T08:30:18+00:00","author":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/#\/schema\/person\/1276f6cf52b5de6bd341c72ea8c75b0b"},"breadcrumb":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/how-a-government-shutdown-could-impact-reverse-mortgages\/#breadcrumb"},"inLanguage":"ru-RU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/housesmarketplace.trio-tv.com\/how-a-government-shutdown-could-impact-reverse-mortgages\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/housesmarketplace.trio-tv.com\/how-a-government-shutdown-could-impact-reverse-mortgages\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/housesmarketplace.trio-tv.com\/"},{"@type":"ListItem","position":2,"name":"How a government shutdown could impact reverse mortgages"}]},{"@type":"WebSite","@id":"https:\/\/housesmarketplace.trio-tv.com\/#website","url":"https:\/\/housesmarketplace.trio-tv.com\/","name":"\u0420\u044b\u043d\u043e\u043a \u0434\u043e\u043c\u043e\u0432","description":"\u041c\u0435\u0436\u0434\u0443\u043d\u0430\u0440\u043e\u0434\u043d\u0430\u044f \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u044c","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/housesmarketplace.trio-tv.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ru-RU"},{"@type":"Person","@id":"https:\/\/housesmarketplace.trio-tv.com\/#\/schema\/person\/1276f6cf52b5de6bd341c72ea8c75b0b","name":"\u0430\u0434\u043c\u0438\u043d\u0438\u0441\u0442\u0440\u0430\u0442\u043e\u0440","image":{"@type":"ImageObject","inLanguage":"ru-RU","@id":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/housesmarketplace.trio-tv.com\/ru\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/posts\/59354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/comments?post=59354"}],"version-history":[{"count":0,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/posts\/59354\/revisions"}],"wp:attachment":[{"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/media?parent=59354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/categories?post=59354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/tags?post=59354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}