jay trotta
Elite Member
- Joined
- Feb 8, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Connecticut
Yup, the Fed gave them all a "Bailout" whether they needed it or not. When they got their "toes" stepped om, they became forward thinking and waivers & hybrids became a thing within 2+/- years.
Fast forward to 2019 and nobody was forward thinking, and the collateral damage still exists today. Appraisal modernization is but one result, imo