Government Shut Down & Real Estate Business It's Day 4 of the government shutdown, many are saying nothing has changed, but what will this mean for real estate and those of us that sell it? Fortunately, FHA has not shut down, so mortgage processing will not be affected for the Single Family Mortgage Loan Program, but the Multiple-Family Program will be shutdown. FHA, VA & USDA make up 45% of all loans being processed in the country today. The following comes from the National Real Estate Post, a popular Real Estate info site with Frank Garay & Brian Stevens: "FHA said they were going to shutdown with the rest of the Government, then changed their minds and said they were going to stay open insuring FHA loans. What’s remarkable is that they’re going to stay open with only 4% of ...
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