Week InAdvance: January 7, 2019
Effects of government closure:
- Homebuyers and lenders are beginning to see effects of the shutdown as an IRS income verification operation goes dark. The move may lead to delays in borrowers getting approved for mortgages. The IRS said it is barred from processing paperwork without a deal.
- The Securities and Exchange Commission, for the most part, isn't opening fresh probes for new initial public offerings or applications from mutual fund companies to launch exchange-traded funds.
- If shutdown standoff continues, all workers in the agencies and departments affected will miss their next paycheck on January 11.
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