November 24, 2014
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.
July 13, 2012
The Ninth Circuit on Thursday let stand a lower court decision granting class certification in a lawsuit claiming Washington Mutual Bank and title insurer First American Corp. conspired to raise appraisal values so WaMu could sell securitized mortgages at artifically high prices.
April 25, 2012
A California federal judge on Wednesday certified a class in a suit claiming Washington Mutual Bank and First American eAppraiseIT conspired to inflate appraisal values so that WaMu could sell securitized mortgage loans at artificially higher prices.