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Unpaid Federal Workers Owe $438 Million in Mortgage and Rent Payments This Month

Zillow Research:

  • Federal employees who are not being paid during the shutdown and own their homes make about $249 million in monthly mortgage payments.
  • Those who rent pay about $189 million for housing each month, according to a recent HotPads analysis.
  • About 3,900 mortgage originations are processed each business day for loans backed directly by federal government agencies such as the FHA and the Rural Housing Service. It isn’t clear what portion of those are delayed – or for how long – but as many as 39,000 mortgages could have been affected by today.

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