Mortgage Inspections Are Dryer Than A Michigan Upper Peninsula Field Inspectors Feet In January
The delinquency rate, which includes residential homes that are 30 days or more overdue on mortgage payments but not in foreclosure, tumbled by 18 percent year-over-year in August down to 4.83 percent, the largest over-the-year decline since May 2011, according to Black Knight.
Mortgage inspection volumes are very low compared to the peak days. Too many mortgage inspectors are chasing the $3 mortgage drive-by inspections. Some inspectors are working for less that $3.
Feet dry out in the winter in the northern climates. Mortgage inspections are dryer than the feet of a Michigan upper peninsula field inspector in January. The mortgage segment is also the home of 99% of the fraud in the industry.