Summary
Washington Mutual Inc., the largest U.S. thrift, was sued Monday by investors claiming the bank sought to inflate real estate appraisals.
Investors contend in a proposed class action that Seattle- based Washington Mutual improperly exerted pressure on First American Corp.'s eAppraiseIT LLC unit, based in Poway, Calif., to get higher values for homes used as collateral for loans, New York-based law firm Wolf Popper said.See the full content of this document
Extract
Washington Mutual Sued Over Appraisals
New York Attorney General Andrew Cuomo la...
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