Month: February 2019

mortgage application pen key

How the government shutdown affected access to home loans

On Jan. 25, 2019, President Donald Trump reopened the government, sending millions of US federal employees back to work. The mortgage industry is closely associated with multiple federal agencies, limiting access to certain government-sponsored mortgage services. Delays in FHA processes During the shutdown, borrowers seeking home loans from the Federal Housing Administration (FHA) experienced extended…

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