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Shut-down Slams Door on USDA (U.S. Department of Agriculture) Mortgages
Daily Yonder ^ | 10/10/13

Posted on 10/14/2013 3:44:16 PM PDT by Libloather

A sign advertising low-interest housing loans at the Crescent Shores Subdivision in Lincoln, Delaware. The government shut-down has halted the processing of these loans, which are aimed at low- and moderate-income buyers.

The week-old federal government shutdown is a disaster on many levels. For rural America, one major impact is in the area of housing.

For the near future, low- and moderate-income homebuyers who have applied for mortgages guaranteed or made directly by the U.S. Department of Agriculture (USDA) Rural Housing Service are out of luck. So are very low-income homeowners seeking repair grants or loans.

(Excerpt) Read more at dailyyonder.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: home; loan; mortgages; usda
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To: Libloather

I guess I was clueless. Loans for repairs too...

The FCC website is down too. I have reports to file online but if they think they are upsetting me over it they would be wrong!

It’s amazing that bank websites work 24/7 but the Fed government’s can’t but they will get back pay for the extra vacation.


41 posted on 10/14/2013 7:45:34 PM PDT by kcvl
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