The mortgage critical defect rate rose from 1.31% to 1.51% in Q2 2025, driven by collateral and eligibility defects. The refinance defect share increased amid more cash-out transactions. AI Summary ...

The national critical defect rate for mortgages fell to 1.16% in the fourth quarter of 2024. That marked the second-lowest level on record, according to a report released Thursday by ACES Quality ...

The small and complicated features of TSVs give rise to different defect types. Defects can form during any of the TSV ...

Falling rates spurred a refi surge that pushed defect rates to 1.79% in Q3, driven by income and compliance documentation gaps as lenders ran lean, per Aces Quality Management.