The mortgage segment is DEAD. Mortgage delinquencies and foreclosures are at an 8-year low. The June jobs report was a great report. The mortgage segment is the home of $3 mortgage inspections and 99.5% of the fraud, greed and corruption in the industry.
Foreclosurepedia.Org reported to me that one of the Mortgage Order Mills (MOMs) is paying $18 a cubic yard for debris removal when the HUD cost allowable is $50. Greed is on the rise as some MOMs … the big fat pigs … are on life support. It’s best to avoid the mortgage segment. That popping sound is the sound of dying MOMs as their lungs collapse. “Pop goes another pig”.
There a huge risk of not getting paid for work performed as these MOMs cannot continue to survive.