ACES: Mortgage Defect Rate Rises in Q1 After Five Straight Quarters of Decline

MortgageOrb | by Michael Bates

Published September 23, 2024

The rate of defects in mortgage loans post closing increased 3.27% to 1.58% in the first quarter, ending five quarters of decline, according to ACES’ Mortgage QC Q1 Industry Trends Report.

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