Too Many Mortgage Inspectors Chasing Fewer Mortgage Inspections
Too little supply of mortgage inspections and too many mortgage inspector chasing them will result in even lower mortgage inspections fees in 2016. Too many dogs are chasing one rabbit. Mortgage inspectors are offering to do the work for $2.50 in order to undercut the $3 mortgage inspectors. A $2.50 mortgage inspection will return about a BUCK in profit after you put gas in your worn out car. These mortgage inspections paid 300% more about 15 years ago.
TransUnion predicts that the serious delinquency rate on mortgage loans, which is defined as the percentage of borrowers 60 or more days past due on their mortgage payments, will experience a dropoff from 2.50 percent at the end of 2015 to 2.06 percent at the end of 2016.
The old rusty mortgage inspection ship continues to sail south into very shallow waters. Maybe it is time to abandon ship!