Closure affects refuge, lending



Locked gates at Muscatatuck National Wildlife Refuge was the most visible local sign of the federal government’s partial shutdown Tuesday.

But the shutdown, a result of Congress failing to reach an agreement Monday night over the Affordable Care Act and a spending resolution, could hit closer to home for some people, local lenders said.

It doesn’t directly affect banks but does pose problems for some federally backed lending programs.

People working with the U.S. Department of Agriculture Rural Housing Development may see delays in their mortgage applications, and no new applications are being taken during the shutdown, said senior loan officer Brian Sommers of The Peoples Bank in Brownstown.

 

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