Tag: appraisals

Washington Mutual Down Most in 20 Years on Cuomo Suit

From Bloomberg:

Washington Mutual Inc., the largest U.S. savings and loan, fell the most in 20 years after New York Attorney General Andrew Cuomo said he found a “pattern of collusion” on mortgage appraisals linked to the company.

Bad appraisals…say it isn’t so. Which lender is next?