Waivers 50%. Hybrids 30%.

[chad hampton]

I absolutely believe those numbers. Spokesman for the GSE’s are proven liars. So when they say numbers are going to remain in the single digits, you should’ve known they were lying.

 

[alebrewer]

Had the waiver ratio not been 50% during the peak, it would have been an even bigger disaster than it was. Even at 50% waivers, it was taking 2 months to get appraisals from markets with sparse appraiser populations.

 

[chad hampton]

Don’t forget what Calabria said, these flexibilities were never meant to be long-term, they were only supposed to be for the year or two that they were dealing with the China virus.

But when you give snake oil salesmen a little leeway, they run with it. It’s just who they are.

 

[George Hatch]

You cannot believe the demand for the conventional 1004 work has been in decline due to these things and at the same time disbelieve the probability that the demand will continue to decline due to these things. Of course the use of these alternatives will increase. As per demand in the market. There is very little in the way of a natural limitation to this trend. Trees don't grow to the sky but they do get pretty tall before they stop growing.

If you want to say they lied to you back then about the potential for future increases in their usage then that's fine. Your outrage isn't going to be of effect on their decision making, though. It's not personal, it's just capitalism.

 

[djd09]

so after they do waivers...and the staffers suck up the easy ones...all that is left are mods in east palestine for 1999 fees

 

[NC Appraising]

it's just capitalism.

Yep. That's what they all say.

Send jobs over seas....capitalism.

Bring people from overseas....due to lack of American workers...wink....cheap labor...capitalism....

AI or tech replacing or reducing American workers....capitalism.

The suits that work for the corporations...getting paid to destroy america. As long as they are being paid and they have job security...they're good with it.

Good men being corrupted.

 

[Alsie35]

You cannot believe the demand for the conventional 1004 work has been in decline due to these things and at the same time disbelieve the probability that the demand will continue to decline due to these things. Of course the use of these alternatives will increase. As per demand in the market. There is very little in the way of a natural limitation to this trend. Trees don't grow to the sky but they do get pretty tall before they stop growing.

If you want to say they lied to you back then about the potential for future increases in their usage then that's fine. Your outrage isn't going to be of effect on their decision making, though. It's not personal, it's just capitalism.

Its not capitalism. It may be "crony capitalism" or worse yet corrupt quasi-government bureaucratic meddling (think 'FANNIE'). Do you really think that if a change as radical and onerous as "The UAD 3.6 Abomination" had been floated as a proposal in a true private enterprise it would have "passed muster"? BS. It would have come back with red ink all over it and the command to - SIMPLIFY IT.

 

[George Hatch]

so after they do waivers...and the staffers suck up the easy ones...all that is left are mods in east palestine for 1999 fees

That's obviously the plan. The avg degree of difficulty has already been on the rise for some time now.

 

[George Hatch]

Its not capitalism. It may be "crony capitalism" or worse yet corrupt quasi-government bureaucratic meddling (think 'FANNIE'). Do you really think that if a change as radical and onerous as "The UAD 3.6 Abomination" had been floated as a proposal in a true private enterprise it would have "passed muster"? BS. It would have come back with red ink all over it and the command to - SIMPLIFY IT.

Call it whatever you want. That doesn't alter the overall usage of the principle of substitution. They have several options and are exercising the ones that they think are the best-for-them deal. And will continue to do so unless their regulators prohibit them from doing so.

Only the govt can kill it.

And just so we don't lose sight of it, the mtg lending side of the appraisal business wouldn't even exist if not for the govt meddling that imposed that unfunded mandate upon those lenders. We're a tax on commerce. A small special interest group whop have benefitted greatly for many years as a result of govt meddling in commerce. We might provide a great value in exchange for the cost but if not for the govt meddling the lenders would still skip us entirely if/when given the opportunity. Bankers gonna act like bankers

 

[Surf Cat]

Screw making sound lending decisions and appraisers too! More for us! Up up and away!

U.S. banks reported strong third-quarter profits driven by robust fee income and solid net interest income, with major institutions like JPMorgan Chase, Wells Fargo, and U.S. Bank exceeding earnings expectations as of October 2025. Despite a challenging economic environment, consumer resilience and strong dealmaking activity supported profitability, particularly in mortgage and investment banking segments.

• JPMorgan Chase reported a 12% year-over-year profit increase to $14.4 billion, with $13.9 billion in mortgage originations and strong performance in its home lending segment.
• Wells Fargo surpassed expectations with $21.43 billion in revenue, a 5% increase from the prior year, and reported $7 billion in mortgage originations for the quarter, up 27% from the same period in 2024.
• U.S. Bank saw double-digit net income growth on both a linked-quarter and year-over-year basis, driven by solid net interest income growth, margin expansion, and strong fee-based revenue, with noninterest income rising over 10%.
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