Morning Overview on MSN

Ford faces new recall scrutiny after $165M penalty tied to repeat defect

Ford Motor Company agreed to pay up to $165 million in civil penalties to the federal government after regulators said the ...
HousingWire

ACES report uncovers another increase in mortgage defects

The defect rate for mortgages grew significantly across all loan types in the second quarter of 2024, continuing a trend seen in the first quarter. The share of loans with defects grew to 1.81%, ...
nationalmortgageprofessional.com

ARMCO Report: Underwriting and Eligibility Defects Rise Despite Uptick in Quality

The Q1 2019 ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured ...
HousingWire

Critical defects increase as refi market fades

Mortgage lenders generated more defective loans in the second quarter, reflecting the transition from a refinance to a purchase market, according to ACES Quality Management’s latest critical defect ...
WDBJ

New report says manufacturer’s defect caused pipeline failure during testing

ROANOKE, Va. (WDBJ) - A new report says a manufacturer’s defect caused a section of the Mountain Valley Pipeline to fail during hydrostatic testing earlier this year. (See the report below or download ...
nationalmortgageprofessional.com

ARMCO QC Trends Report: Defect Trends Indicate Continued Lender Downsizing

ACES Risk Management (ARMCO) has announced the release of the quarterly ARMCO Mortgage QC Trends Report, providing loan quality findings for mortgages reviewed by ACES Audit Technology during the ...