Loan buybacks haven’t disappeared, but they are trending down
Housing Wire
APRIL 18, 2024
The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” According to the ACES report, the critical-defect rate declined from 2.47% in third-quarter 2022 to 1.67% in Q3 2023, the most recent data available.
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