U.S. government shutdown threatens housing recovery

A PROLONGED SHUTDOWN of the federal government could delay mortgage approves and hurt U.S. housing construction and sales, which have begun climbing back from the real estate slump brought on by the 2008 recession. / BLOOMBERG FILE PHOTO/SIMON DAWSON
A PROLONGED SHUTDOWN of the federal government could delay mortgage approves and hurt U.S. housing construction and sales, which have begun climbing back from the real estate slump brought on by the 2008 recession. / BLOOMBERG FILE PHOTO/SIMON DAWSON
LOS ANGELES - A U.S. government shutdown will immediately slow approval of thousands of mortgages. If it lasts more than a week, it threatens housing and the broader economic recovery. Congress forced the first partial government closure in 17 years after failing to pass a budget, meaning borrowers in the process of obtaining home loans…

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