Mortgage Appraiser Reaches $9.9M Deal In Inflation Suit

Law360, New York (November 24, 2014, 3:51 PM EST) -- A mortgage appraisal firm and a class of plaintiffs alleging the firm engaged in a scheme with the failed Washington Mutual Bank to inflate home values on homes reached a $9.9 million agreement Friday to end their litigation.

The settlement between eAppraiseIT and the class brings to a close more than six years of litigation over the alleged inflated home appraisals, which the plaintiffs said was done to allow the banks to sell the aggregated security interests in those properties at inflated prices in violation of the Real Estate Settlement Procedures Act.

"It would be a gross understatement to say, after...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!