Sat May 25 4:51:59 EDT 2024
Home#Antitrust$6 and the American Dream: How Low Wages for Inspectors Threaten Homeownership

$6 and the American Dream: How Low Wages for Inspectors Threaten Homeownership

NLRB Poised To Examine Mortgage Field Services Soon

The American Dream often revolves around homeownership. But for many, that dream can turn into a financial nightmare --- and a big part of that nightmare might be invisible. The inspectors who ensure the safety and structural integrity of homes for Fannie Mae, Freddie Mac, and HUD loans are often paid a meager $6 per inspection. This, while companies coordinating these inspections like GIS Field Services, owned by Mortgage Contracting Services (MCS) parent company Littlejohn & Co.,  rake in a hefty $45 per home.

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Paul Williams
Paul Williamshttps://foreclosurepedia.org
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