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ARMCO: Mortgage critical defect rate decreases in Q3 2017

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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