Defects Up Over the Year; North Dakota Sees Most

May 31, 2017 Aly J. Yale

New data shows defects on loan applications are up across the country—both for the month and over the year. The culprit? Riskier lending practices on both purchase loans and refinances. North Dakota, Montana, and Vermont had the highest defect frequency at the state level, while McAllen, Texas, and Knoxville, Tennessee, took the cake in terms of metro markets.

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