Inflated Home Appraisals Key In Plaintiff's Lawsuit Against Banks

First Posted: 8/19/10 Updated: 5/25/11

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Merrill Lynch , Wall Street , Banks , Financial Crisis , Foreclosure , Credit Suisse , Deutsche Bank , Home Appraisals , Real Estate Values , Corelogic , Countrywide , Federal Home Loan Banks , Mortgage Backed Securities , Sec , Ubs , Business News

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New York Times:

Recent filings by two Federal Home Loan Banks -- in San Francisco and Seattle -- offer an intriguing way to clear this high hurdle. Lawyers representing the banks, which bought mortgage securities, combed through the loan pools looking for discrepancies between actual loan characteristics and how they were pitched to investors.

Read the whole story: New York Times

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