While applications for Federal Housing Administration and Veterans Affairs-backed loans are likely to face only processing delays in the event of a government shutdown, processing of loans backed by the U.S. Department of Agriculture will come to a screeching halt, Forbes reports.

If a shutdown drags on, it could also impact the housing market by chipping away at consumer confidence, and put some housing markets at risk where furloughed workers may be short on cash, according to Forbes.

Source: Forbes

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here×