The FHA will continue to collect insurance premiums from borrowers during a shutdown as well.
But a shutdown could also seriously impact FHA's ability to police lenders and loan quality.
There is not a lot of first-time home buying going on out there and particularly not a lot of FHA.
In 2009, the Federal Highway Administration (FHA) awarded Solar Roadways a contract to construct a prototype.
Lenders with "delegated authority" will be able to go on making FHA loans.
"The FHA program can weather a shutdown as long as it doesn't last too long," said Guy Cecala of Inside Mortgage Finance.
They will also be able to get FHA case numbers through the usual on-line service.
We don't want the FHA to stop worrying about collateral entirely.