The critical defect rate for mortgages saw a modest increase during the first quarter of 2024, according to recent industry data. Quality-control experts are emphasizing the importance of lender vigilance to address this concerning trend.
Key points of the text include:
– Critical defect rate for mortgages increased slightly in Q1 2024
– Quality-control company stresses the importance of lender vigilance
– Emphasizes the need for proactive measures to ensure loan quality and minimize risks in the mortgage industry.
You can read this full article at: https://www.housingwire.com/articles/loan-quality-takes-hit-mortgage-origination-volume-slows/(subscription required)
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