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Loan Modification

: Mortgage Lender Implode-o-Meter

Appraisers lose out in Wells Fargo lawsuit - Valuation Review

By Implode-Explode Heavy Industries

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"Wells Fargo and its appraisal management subsidiary Rels Valuation won an important lawsuit this month when a [U.S.] district judge granted the company's motion to dismiss. The lawsuit was filed by two residential appraisals who claimed that Rels Valuation had pressurized them into reaching inflated values on appraisal reports and then subsequently blacklisted them when they did not comply with demands."

Full post as published by Mortgage Lender Implode-o-Meter on July 09, 2010 (boomark / email).

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