The overall critical defect rate for mortgages increased in the first quarter of 2024, ending five consecutive quarters of decline. But the increase itself was relatively modest and the share of loans ...
The national critical defect rate for mortgages fell to 1.16% in the fourth quarter of 2024. That marked the second-lowest level on record, according to a report released Thursday by ACES Quality ...
ACES Quality Management reported that the mortgage industry’s overall critical defect rate rose to 1.51% in the second quarter of 2025, driven largely by sharp increases in appraisal and borrower ...
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