Regulatory compliance issues increased 25 percent in the third quarter of 2020, according to a new report from ACES Risk Management (ARMCO).
The overall critical defect rate is the highest since ACES began publishing the QC Trends Report in 2016.
“There is no way to sugarcoat it – Q3 was a volatile quarter for loan quality,” ACES Executive Vice President Nick Volpe said. Read on for details from the report.
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