Federal workers affected by the government shutdown have more than $400 million in mortgage and rent payments due this month, and it could cause chaos for the US housing market

The ongoing government shutdown looks like it may cause a mess for the US housing market.

As the shutdown enters a record-tying 21st day, a number of worries are piling up, ranging from looming mortgage payments for federal workers to missing rent assistance from the Department of Housing and Urban Development (HUD).

The problems have left workers worried about making ends meet, potential buyers frozen out of loans, and affordable housing experts concerned about evictions.

Continue reading...