Well said Cotton

they are idiots…

We’ve done it before and we can do it again, Ain’t that a cheerleaders cheer. By the way what is slow paying AMC are they related to money in front?

It’s the 2 am time stamp on the automatic report approved email that gives it away.

Good points for us all to remember.

Frankly, the trend is to seek residential waivers because it normally would apply to all transactions, but in this instance, even ASC put limits on the waiver issued. So, the ‘get it for residential and then use it for CRE’ scenario is not as onerous as would be expected otherwise.

A lot of damage can be done in 10 months. Especially in small commercial-agricultural properties.

Experienced Professionals familiar with the Appraisal processes should be able to look at the grid alone and recognize whether correct bracketing was used. The problems we face are former retail sales people making minimum wage or someone from India reviewing reports

We all know that history repeats and they never learn due to having no real consequences. I feel another tax payer bailout coming up. Oh for those who don’t know..ahem..banks: bailout, noun, an act of giving financial assistance to a failing business or economy to save it from collapse. Man the American public needs to jack any politician (don’t care which party) that makes a bailout happen again. We all felt the pain except the big banks felt what maybe a pinch if at all.

Kim, this is so eloquently and concisely put. I couldn’t have said it better.