Northern CA U.S. court opens appraisal inflation lawsuit to class action
The U.S. District Court for the Northern District of California has granted class certification in a mortgage loan appraisal suit alleging defendants conspired to inflate appraisals to increase the sale of loans in the secondary market.
The plot just keep getting thicker and thicker.
Read all about it (registration required, but it’s free), from Goodwin Procter LLP via Mondaq (includes a link to the opinion).
–rm
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