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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMnuchin gives shutdown relief to mortgage industry
https://www.washingtonpost.com/politics/could-you-make-these-guys-essential-mortgage-industry-gets-shutdown-relief-after-appeal-to-senior-treasury-officials/2019/01/11/9071e9d8-152c-11e9-90a8-136fa44b80ba_story.htmlCould you make these guys essential?: Mortgage industry gets shutdown relief after appeal to senior Treasury officials
By Lisa Rein and Jeff Stein
January 11 at 5:30 PM
After an intense lobbying campaign by the mortgage industry, the Treasury Department this week restarted a program that had been sidelined by the partial government shutdown, allowing hundreds of Internal Revenue Service clerks to collect paychecks as they process forms vital to the lending industry.
The hasty intervention to restore the IRSs income verification service by drawing on revenue from fees even as 800,000 federal employees across the country are going without their salaries has intensified questions about the Trump administrations unorthodox efforts to bring certain government functions back online to contain the shutdowns impacts.
Critics, including many former IRS officials, described the move as an act of favoritism to ease the burden on a powerful industry.
It seems crazy to me that a powerful bank or lobby gets to bring their people back to do their work, said Marvin Friedlander, who served as a senior IRS official in the mid-2000s. How about the normal slob who cant even pay his rent?
Administration officials said they are simply seeking to minimize the harm caused to the public by the budget standoff, which on Saturday will become the longest in modern U.S. history.
Because of the shutdown, the IRS was unable to process a key form that lenders use to confirm borrowers incomes before they can grant home loans a roadblock that threatened to bring the mortgage industry to a halt.
enough
(13,264 posts)facilitate business/money and nothing that helps ordinary people.
Its what they have been working for for decades.
C_U_L8R
(45,025 posts)What fuckheads.
Takket
(21,644 posts)"the IRS was unable to process a key form that lenders use to confirm borrowers incomes before they can grant home loans"
So, isn't this helping John and Jane Doe who are trying to buy homes but can't because their lender cannot process their loan? Why is this bad? Sure it helps the bank because they grant a loan and begin collecting interest but isn't it helping middle class families that want to buy homes?
FakeNoose
(32,823 posts)... because the FannyMae services being shutdown. OK I know there's no FannyMae any more but some other federal agency took its place. That got shut down and people were caught with nowhere to go, banks not knowing how long this is gonna last. If you gave your last $10,000 as down-money and now you can't get the house you want, what would you do? This shutdown really SUCKS for a lot of people who have limited resources. As a homeowner, I can relate.
bluestarone
(17,067 posts)Wa Wa Wa i want a shutdown MY WAY. Wa Wa