DOTC: KootCo Mortgage Industry In The Tank
very month I get a report of activity in our Recorders Office including income from recording fees. At least as an indirect measure, it tends to be a pretty good gauge of the mortgage business. That’s because everyone who buys or refinances a home needs to record the deeds and or other documents in the Recorders Office to establish ownership via the official public record for the county. Our recording volumes for the month of November are the lowest they have been since the year 2000. Ouch/Dan of the County.