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Shutdown Stalling Rural Mortgages

The USDA backs about 120,000 mortgages a year, or about 3.5 percent of purchase mortgage originations nationally. Almost half of USDA mortgages were in southern states from 2012 to 2017. [1] Borrowers who rely on mortgages from the U.S. Department of Agriculture (USDA) have been in a holding pattern […]

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