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Latest | Highest ratedHow WaMu's Lawsuit Affects Countrywide Financial [View article]
But it will just be too hard to prove that Countrywide was pushing for stretched appraisals. I would bet against that being proved. Wamu will get off as well.
It will be easier to prove that they did not review the appraisals closely enough. That would be a form of neglegence.
Pass the word to those who are fighting the good fight that they would be much better off with the neglegence approach.