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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: appraisals

appraisals stories: 3 news summaries

Cruise Ship Art Dealer Faces Class Action

Promising deals, gallery sold works at grossly inflated prices

Jul 16, 08 6:07 AM CDT
(Newser) - Park West Gallery in Southfield, Mich., claims to be "the world's largest art dealer," flogging more works than the major auction houses through its sales on half a dozen cruise lines. But while the onboard auctions promise "good investments," the New York Times reports that Park... More »

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art market • fraud • art • lawsuit • cruise ships • appraisals • cruise lines

Fannie,
Freddie OK Appraisal Deal

New code will discourage inflated appraisals for home mortgages

Mar 4, 08 8:20 AM CST
(Newser) - The nation’s two largest backers of home loans have reached a deal with New York Attorney General Andrew Cuomo that could help eliminate inflated mortgage appraisals, the Wall Street Journal reports. Fannie Mae and Freddie Mac have agreed to buy mortgages only from banks that follow a new code... More »

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housing market • Freddie Mac • Andrew Cuomo • Fannie Mae • appraisals • subprime crisis

SEC Probes WaMu Home Loans

Investigators focus on charges that appraisals were inflated

Dec 21, 07 4:06 AM CST
(Newser) - Washington Mutual, one of America's largest mortgage lenders and the biggest savings and loan in the nation, is under investigation by the Securities and Exchange Commission, reports the Wall Street Journal. Regulators suspect some WaMu mortgages were based on inflated appraisals. WaMu, bloodied by the subprime mortgage crisis, lost $348... More »

MORE ABOUT:
subprime mortgages • SEC • Freddie Mac • Andrew Cuomo • Fannie Mae • Washington Mutual • WaMu • Office of Thrift Supervision • First American Corp • appraisals • eAppraiseIT

3 Stories


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