The Mortgage Segment Is As Dry As Lake Mead

Mortgage delinquencies and foreclosures are at 8-year lows. The mortgage segment is as dry as Lake Mead in Las Vegas. The lake is hitting record low levels of water.

Too many $3 mortgage inspectors are chasing a smaller volume of mortgage inspections. The Mortgage Order Mills (MOMs) are firing staff and leasing empty office space.

lakemeaddrought

 

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