Mike Kennedy
Elite Member
- Joined
- Sep 28, 2003
- Professional Status
- Certified Residential Appraiser
- State
- New York
http://www.housingwire.com/2007/12/21/sec-probes-wamu-on-appraisal-practices/
Citing unnamed sources, the Journal says the probe is in its infancy but will include “whether WaMu accurately disclosed to investors of mortgage-backed securities how its loans were appraised as well as whether the company properly accounted for its loans in financial disclosures to investors of the company.”
Citing unnamed sources, the Journal says the probe is in its infancy but will include “whether WaMu accurately disclosed to investors of mortgage-backed securities how its loans were appraised as well as whether the company properly accounted for its loans in financial disclosures to investors of the company.”