Housing's comeback faces a threat from shutdown

10/2/2013 | Bloomberg

The U.S. housing market, which underpins the country's broader but muted economic recovery, may be undermined by the partial government shutdown, with mortgage approvals delayed by understaffing at the Federal Housing Administration, experts say. "The last thing we need is anything that shakes the confidence in a softly recovering housing market," said David Stevens, CEO of the Mortgage Bankers Association and former head of the FHA.

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