WaMu Didn't Push For Inflated Home Values, Appraisers Testify

Law360, New York (July 17, 2012, 7:03 PM EDT) -- Three home appraisers testified Tuesday that they were never pressured to inflate home values by an appraisal affiliate of title insurer First American Corp., which New York state prosecutors allege helped pump up home values for Washington Mutual Inc.

Three state-certified appraisers who did appraisals in the New York City metropolitan area in the years before the housing bubble burst said that they were never "unduly pressured" by either WaMu or former First American unit eAppraiseIT to deliver a false certification or misrepresent a home's value....
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