The national foreclosure inventory rate is back to pre-recession levels. The foreclosure rate for the U.S. has dropped to its lowest level since 2007.
Work in the mortgage segment continues to dry up. Mortgage drive-by inspection fees are at record lows as too many mortgage inspectors are chasing a small volume of mortgage inspections. Inspection fees are at record lows and the mortgage order mills are demanding more extras such as more photos, larger service areas and frequent visits to some really scary high-crime neighborhoods. Mortgage inspectors are expected to visit high-crime neighborhoods were police are required to travel in pairs with body armor, body cameras, tasers, batons, communications equipment, hand guns and extra ammo magazines. The mortgage segment is the home of 99% of the fraud in the industry. You may not even get paid for your hard work. Avoid working for Barbara in Texas.
The mortgage segment is dryer than the feet of an upper Michigan field service inspector’s feet in a cold Michigan winter. The mortgage segment is dryer than a camel’s butt in a desert sandstorm. The mortgage segment is dryer than California. The mortgage segment is dryer than Donald Trump’s hair roots.