ACES: Critical Defect Rate Falls to Annual Low
ACES Quality Management, Denver, reported the overall fourth-quarter critical defect rate fell to 1.38%, a 22.9% decrease from 1.79% in Q3 2025, marking the first quarterly decline after three consecutive quarters of increases.
Panel Tackles FICO 10T, VantageScore 4.0 Differences, Implementation
NEW YORK--Four years after the Federal Housing Finance Agency approved FICO Score 10T and VantageScore 4.0, a panel convened at the Mortgage Bankers Association’s Secondary and Capital Markets conference to discuss progress on the credit score modernization effort.
