New York A.G. expands mortgage-appraisal investigation

11/8/2007 |

New York Attorney General Andrew M. Cuomo has expanded his investigation into the mortgage industry by subpoenaing Fannie Mae and Freddie Mac. Cuomo has previously said he is looking at whether Washington Mutual conspired with home appraisers to inflate home values. "We believe it is widespread, it is prevalent," Cuomo said.

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