If you’re waiting to close a Federal Housing Administration loan, the shutdown of the federal government that began October 1 is adding weeks or even months of uncertainty. The number of FHA borrowers affected by the shutdown grows every day. “This is a time of year when the volume is heading towards its peak. There is a lot of pent up business,” says Eileen Grey, associate vice president for multifamily for the Mortgage Bankers Association. “Getting FHA back up ...
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