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November 30, 2007
First Amer Corp, Unit Ask US Judge To Dismiss NY AG Lawsuit
First American and its home-appraisal unit have asked a federal judge to dismiss a lawsuit by New York Attorney General Andrew Cuomo for allegedly colluding with Washington Mutual Inc. to use a list of preferred appraisers to inflate mortgage appraisals.
In a motion filed late Monday, the Santa Ana, Calif., company and its eAppraiseIT unit asked U.S. District Laura Taylor Swain in Manhattan to dismiss the attorney general's complaint, saying he lacks authority to pursue a case because all federal savings and loan activities are regulated by the U.S. Office of Thrift Supervision.
Posted by S. Germain at November 30, 2007 09:45 AM