mortgage delays: How Will The Government Shutdown Impact the Housing Market?
- 10/02/13 04:13 AM
Unless you are a Federal employee most of us have been trying to figure out how the government shutdown is going to affect or impede our daily lives. Being in real estate it is natural to wonder how the shutdown will affect housing and mortgages. More than 90% of the residential housing market depends on the government or GSEs for underwriting, insurance and funding for new purchase loans. Mortgages issued by Fannie Mae and Freddie Mac will reportedly not be affected as they do not depend on federal appropriations to operate, but rather they are funded by fees from lenders. Mortgage … (1 comments)
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Sarah Litchney, Sacramento Realtor and Sacramento Real Estate Attorney
Unless you are a Federal employee most of us have been trying to figure out how the government shutdown is going to affect or impede our daily lives. Being in real estate it is natural to wonder how the shutdown will affect housing and mortgages.
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