CoreLogic Pays $8M To End WaMu Appraisal Inflation Suit

Law360, New York (September 28, 2012, 2:21 PM EDT) -- CoreLogic Inc. has agreed to pay $7.8 million to settle allegations its predecessor, an appraisal unit of title insurer First American Corp., inflated home value prices so that Washington Mutual Inc. could close more deals and reap higher fees, the New York attorney general said Friday.

The deal wraps up a 2007 suit by then-New York Attorney General Andrew Cuomo alleging First American and subsidiary eAppraiseIT violated appraiser independence laws by colluding with the now-defunct bank. First American created CoreLogic as a spin-off in 2010....
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