Industry News

SEC, OTS looking at WaMu lending practices

Probes follow N.Y. attorney general's allegations of inflated appraisals
Published on Dec 21, 2007

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by CareyBot

The Securities and Exchange Commission and the Office of Thrift Supervision are looking into allegations that Washington Mutual Inc. originated, securitized and sold mortgages that were made using inflated appraisals. The allegations were made in a lawsuit filed against WaMu’s ...