According to economists, an extended government shutdown is likely to have significant negative effects on the FHA (Federal Housing Administration), which, along with other various government agencies, backs around 90% of mortgages in the U.S. With only 67 of the FHA’s 2,972 employees approved to work, mortgage approval is expected to slow. While a short-term disruption is not likely to have a long-term impact, the longer the shutdown, the more significant the impact is expected to be. More here
