Blog > Rising appraisal defects signals likely stress for lenders
While the defect rate declined 7 basis points in the second quarter, appraisal-related findings in loan files increased over 38%, Aces Quality Management said. Even as mortgage file defect rates improved on a quarter-to-quarter basis, the increase in appraisal-related problems is the canary in the coal mine for stress in a difficult housing market, Aces […]Leave a Reply
