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Tag Archives: Defects

A Storm of Defects

A new report points to a rising risk of defects in mortgage loan applications. Is the trend here to stay?

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How Florence May Impact Mortgage App Defects

Whenever a disaster hits, mortgage fraud, defects, and misrepresentation always go up as some try to take advantage of the situation. How might the mortgage application defect rate be impacted following Hurricane Florence?

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Critical Loan Defects Should Continue to Drop

Critical defects are down compared with Q1 of 2016, according to ACES Risk Management (ARMCO) in its Q4 Mortgage QC Industry Trends. The report details a breakdown of the final quarter of 2016, including defect rates and findings for each Fannie Mae loan category. It also predicts, with the continued understanding of TRID and its impact, critical loan defects should continue to trend downwards in 2017.

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Dealing with Defects in Non-Judicial Foreclosure States

What should be done in the case that a lender fails to name a spouse in its lawsuit, or fails to name a condominium and homeowners association fee? What parties should be names in a lawsuit? These questions and more were answered in the Legal League 100 webinar.

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