Government shutdown will freeze USDA mortgage operations

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