Hybrid and/or Bifurcated pose a dangerous risk to us all. We are at a time where values are peaking and we are in the upswing portion of the real estate valuation cycle . This is the absolutely worst time to lower standards. Does anyone remember the last financial crisis? Corners were cut, standards were lowered In the interest of short term greed. That is where we are now, but instead of stated income/no doc loans, we now have the false lie of bifurcated or hybrid “appraisals” as a foolhardy idea to cut corners. Anyone in favor of these is in favor on the next financial meltdown.