N.Y. Attorney General: Appraisers Inflated Home Values


ALBANY, N.Y. (AP) - New York Attorney General Andrew Cuomo said Thursday a major real estate appraisal company colluded with the nation's largest savings and loan companies to inflate the values of homes, contributing to the subprime mortgage crisis.
"This is a case we believe is indicative of an industry-wide problem," Cuomo said in a news conference.
Cuomo announced a lawsuit against eAppraiseIT that accuses the First American Corp. subsidiary of