First American Grills Expert In WaMu Home Value Inflation Suit

Law360, New York (July 11, 2012, 6:21 PM EDT) -- An attorney for First American Corp. grilled state prosecutors' real estate expert Wednesday on her analysis of the title insurer's home appraisals, during a bench trial over New York state's allegations that the insurer fraudulently inflated home values for Washington Mutual Inc.

Patrick J. Smith of DLA Piper, who represents First American, peppered the state's expert witness, Charles River Associates Vice President Marsha J. Courchane, with hypotheticals and other critiques of her methodology, including whether appraisal inflation by other lenders would've skewed the average home prices...
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