Legal
Stay in-the-know on legal news for the mortgage, housing and finance industries.
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Appraisal Fraud in the Spotlight, Again
Oct 17, 2008A group of appraisers in Idaho filed a class-action lawsuit Thursday against Countrywide Financial Corp. – Now, Bank of America Corp. [stock BAC][/stock], after its recent acquisition – claiming the company used “strong-arming tactics to intimidate appraisers to generate reports in line with Countrywide’s business objectives.” In wake of the Home Valuation Code of Conduct — a new set of regulations meant to “clean-up” appraisal fraud, and set to go into effect on January 1, 2009 — this suit turned attention, once again, to the heated issue of appraisals.
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Feds Turn Attention to Mortgage Fraud
Oct 16, 2008 -
Home Prices Resume Decline in August: Report
Oct 14, 2008 -
A look inside the Wells/Wachovia merger
Oct 14, 2008 -
Accredited Sues, Then Withdraws Suit Against Illinois Sheriff
Oct 10, 2008 -
Illinois Sheriff Suspends All Evictions
Oct 10, 2008 -
The Blame Game: Lehman CEO Fuld Talks
Oct 07, 2008 -
Wachovia Battle Rages On; Wells, Citi Discuss Carve-Up
Oct 06, 2008 -
MBIA Cries Fraud; Sues Countrywide
Oct 03, 2008 -
Wells Fargo To Acquire Wachovia
Oct 03, 2008 -
HUD Readies $4 Billion for Foreclosure Prevention
Sep 29, 2008
