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Critical Defects

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ARMCO: Mortgage critical defect rate decreases in Q3 2017 HW+

Apr 27, 2018By

As purchase mortgages shrank in the third quarter last year and refinances increased, the number of critical defect rates dropped, according to a new report from ACES Risk Management. Most of the defects occurred under the borrower and mortgage eligibility category.

3d rendering of a row of luxury townhouses along a street

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