Loan quality takes a hit even as mortgage origination volume slows

September 19, 2024, 1:12 pm By Chris Clow

Published September 19, 2024

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 with defects now stands at 1.58%, according to a report released Thursday by ACES Quality Management.

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