Thursday Morning News: Initial Jobless Claims Suddenly Crash By Most In 2 Years
Having slowly drifted to the highest levels since before Christmas, initial jobless claims collapsed last week by 25,000 to 234k – near 44 year lows. This is the biggest weekly drop since April 2015.
The mortgage segment of the industry is having a very difficult time finding mortgage inspectors. No one wants to fork out $1,265 upfront for a background check and E&O insurance just to perform $3 mortgage inspections with a profit of “maybe” $1.50. The profit from the first 833 inspections goes to paying off the upfront costs. Don’t wear out our car with mortgage inspections.