Mortgage performance seems to be sliding past the metrics measuring the world prior to the 2008 housing crisis and is now setting new benchmarks for the 21st Century. Black Knight, in its first look at June loan data, says some indicators of loan distress are the lowest since the end of the dot.com recession. How much lower can mortgage delinquencies go?
Black Knight says they are at 17-year lows. Most of the mortgage inspections have dried up. What is left still averages about $3 with a profit of maybe $1.50. You will need to purchase a $1,200 insurance policy and maybe wait 60 days for the first pay check. You may work hard and not get paid. The scams are plentiful in the mortgage segment.
Many of the Mortgage Order Mill pigs are on life support.