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Tag Archives: defect index

Defects on the Rise, Highest in North Dakota

Loan application defects are on the rise across the country, particularly in North Dakota, Montana, and Vermont. According to an expert economist, it’s riskier lending practices—both on purchases and refinances—that are to blame. McAllen, Texas, and Knoxville, Tennessee, came in the with highest frequency of defaults in terms of metro markets.

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