GOVERNMENT SPONSORED ENTERPRISES – Fannie Mae & Freddie Mac will continue operating normally, as will their regulator, the Federal Housing Finance Agency, since they are not reliant on appropriated funds.  TREASURY – The Making Home Affordable program, including HAMP and HAFA, will not affected as the program is funded through the Emergency Economic Stabilization Act which is mandatory spending not discretionary.  MORE TO COME

FLOOD INSURANCE – The Federal Emergency Management Agency (FEMA) confirmed that the National Flood Insurance Program (NFIP) will not be impacted by a government shutdown, since NFIP is funded by premiums & not tax dollars.  Changes to the flood insurance program scheduled to take effect on Oct. 1 will be implemented as scheduled.  RURAL HOUSING PROGRAMS – For the U.S. Department of Agriculture Programs, essential personnel working during a shutdown do not include field office staff who make the commitment, loan guarantees & modification approvals.  Lenders will NOT receive approvals during the shutdown, but ones in the pipeline will fund and commitment good for 90 days.  MORE TO COME!

FEDERAL HOUSING ADMINISTRATION – HUD’s Contingency Plan states the FHA will endorse new loans in the Single Family Mortgage Loan Program, but not new commitments in the Multi-family  Program during the shutdown.  FHA will pay claims & collect premiums.  Expect some delay with FHA processing.  VA LOAN GUARANTY PROGRAM – lenders will continue to process & guaranty mortgages through Loan Guaranty program in the event of a government shutdown.  Again expect delays.  MORE TO COME.