Report
Prevalence of GSE Appraisal Waivers: September 2020 Originations
November 13, 2020
Key takeaways:
- The sharp upward trend in the share of appraisal waivers continued this month. In September, 47% of Freddie’s loans used a waiver, as did 42% of Fannie’s loans.
- Waiver usage by loan purpose continued to increase across the board in September, with each posting series’ highs. No cash-out is at 68%, cash-out at 31%, and purchase at 12%.
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