ACES: Rate of Critical Defects in Closed Mortgages Fell Again in Q1 - NewsBreak

The rate of critical defects in mortgage loans post-closing fell to 2.01% in the the first quarter, down from 2.09% in the fourth quarter of 2020, according to the ACES Mortgage QC Industry Trends Report. It was the second consecutive quarter that the overall rate of defects decreased, helping to...