Appraisal Co. Slams FDIC Suit Over WMI Losses

By Eric Hornbeck (August 2, 2011, 2:07 PM EDT) -- A loan appraisal company asked a California federal judge Monday to dismiss the Federal Deposit Insurance Corp.'s $129 million lawsuit alleging the company caused bankrupt Washington Mutual Inc. to suffer losses on bad mortgage loans, saying the FDIC had "overreached."...

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