February 07, 2012
A judge on Monday dismissed part of the Federal Deposit Insurance Corp.'s $129 million suit accusing a loan appraisal company of causing bankrupt Washington Mutual Inc. losses by offering it inexperienced appraisers, saying the FDIC had not been specific enough about the contractual terms allegedly breached.
February 06, 2012
A California federal judge on Monday again trimmed the Federal Deposit Insurance Corp.'s $129 million suit accusing an appraisal services company of breaching contracts with bankrupt Washington Mutual Inc. and causing it to suffer losses on bad mortgage loans.
November 17, 2011
A California federal judge on Monday trimmed the Federal Deposit Insurance Corp.'s $129 million suit accusing a group of loan appraisal firms of leading bankrupt Washington Mutual Inc. into mortgage loan losses by offering it inexperienced appraisers.
August 02, 2011
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."
May 10, 2011
The Federal Deposit Insurance Corp. sued two loan appraisal companies Monday in California federal court for more than $283 million, alleging they caused bankrupt Washington Mutual Inc. to suffer losses on bad mortgage loans because of their gross negligence.