NY Defends Expert Report In WaMu Appraisal Inflation Case

Law360, New York (July 16, 2012, 6:17 PM EDT) -- A New York state prosecutor on Monday drilled into a First American Corp. expert witness' criticism of a government expert's analyses, during a bench trial over allegations that the title insurer inflated home values for Washington Mutual Inc.

Richard Dearing, an attorney for the New York Attorney General's Office, questioned Robert Edelstein, a real estate professor at the University of California, Berkeley, about his criticism of the methodology used by the state's expert to show that First American's appraisals for WaMu were inflated in the years...
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