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: Bodily Injury BlogLawsuits Accuse Lenders of Strong-Arming Appraisers
By Edward Bills
Two of the nation?s largest mortgage lenders bullied independent home appraisers into making favorable appraisals, according to a pair of lawsuits filed recently. In the lawsuits, both of which seek class-action status, plaintiffs claim that Wells Fargo and Countrywide violated the Real Estate Settlement Procedures Act and the Racketeering and Corrupt Policies Act. Both lenders maintain that the home-appraisal processes are legitimate.
Full post as published by Bodily Injury Blog on February 05, 2009 (boomark / email).
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Served with Two Lawsuits

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