Lender’s Service Inc. - Appraisers Blogs https://appraisersblogs.com/tag/lenders-service-inc/ Appraisal News and Tips for Real Estate Appraisers Mon, 23 May 2022 01:59:13 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Lender’s Service Inc. - Appraisers Blogs https://appraisersblogs.com/tag/lenders-service-inc/ 32 32 52046035 Court Won’t Unseal Files on Washington Mutual Appraisal Scheme https://appraisersblogs.com/appraisal/court-wont-unseal-files-on-washington-mutual-appraisal-scheme/ https://appraisersblogs.com/appraisal/court-wont-unseal-files-on-washington-mutual-appraisal-scheme/#respond Tue, 16 Dec 2014 13:30:56 +0000 http://appraisersblogs.com/?p=6794 A federal judge said he will not unseal files related to an alleged appraisal rigging scheme that Washington Mutual launched in an effort to favor mortgage lenders just before the 2008 market crash, Courthouse News Service reported Dec. 3. The case involves a federal class action suit launched in 2008 in San Jose, California, by Felton Spears Jr. and Sidney Sholl who claimed that Washington Mutual, Lender’s Service Inc. and appraisal management firm First American eAppraiseIT colluded in 2006 to create inflated mortgage-loan appraisals that allowed the bank to sell aggregated security interests in the properties at inflated prices. At...

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