Of the 9,300 employees who work for HUD, only 350 (3.8%) will be able to work if the Government shuts down, according to a HUD release.
That will slow down some mortgage actions that require Government approval.
HUD And The Veterans Administration May Not Be Working On Tuesday
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Just like the last shutdown, mortgage apps/processing slowed to a crawl. Depending on the length of this one, expect the same…and a LOT of closes delayed or cancelled.