Loan defect share improved even as mortgage rates rose in 4Q
The volatile mortgage rate environment in the fourth quarter last year did not impact the quality of closed applications, with critical defects falling to their second lowest level on record, Aces Quality Management found. “Lenders made meaningful progress in loan quality in 2024, closing the year with one of the lowest quarterly critical defect rates […]
Loan defect share improved even as mortgage rates rose in 4Q Read More »