Archive for June 8th, 2011

Wednesday, June 8th, 2011 at 9:07pm

FDIC Sues CoreLogic for Appraisal Fraud

I hate to give you too much too fast, but I just came across a lawsuit filed a couple weeks ago in Santa Ana, California in which the FDIC is suing CoreLogic for $129 million in connection with alleged appraisal fraud relating to the failure of Washington Mutual alone. Could there be more losses at […]

Wednesday, June 8th, 2011 at 2:20pm

Exposing Fallacies in the CoreLogic Suspicious Short Sale Report

Could a highly publicized “study” warning of $375 million of “unnecessary” loan losses in “suspicious short sales” be manipulating figures just to sell more of its author’s services? Prepare to read the following in depth analysis and I’m confident you’ll find that the answer is obvious. Last week, articles began appearing in real estate oriented […]

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