Government shutdown could have 'sizable impact' on housing recovery

A government shutdown would paralyze the Federal Housing Administration (FHA), bringing all applications for FHA-insured mortgages to a grinding halt and potentially tripping up the housing recovery, CNNMoney reports.

“The housing market is searching for recovery, and we’ve been seeing signs of optimism,” David Stevens, CEO of the Mortgage Bankers Association, told CNNMoney. “This could have a sizable impact on the recovery.”

Source: CNNMoney