Expert Report Stays Intact In WaMu Appraisal Inflation Trial

Law360, New York (July 12, 2012, 7:08 PM EDT) -- A New York state judge on Thursday declined to gut a report by the state prosecutors' real estate expert, finding that statistical information in the report was appropriate during a bench trial over allegations that title insurer First American Corp. inflated home values for Washington Mutual Inc.

Judge Charles E. Ramos said that databases and other statistical information that expert Marsha J. Courchane used to show that First American's appraisals were higher than average home values in the state during 2006 and 2007 were appropriate. Even...
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