http://seattletimes.nwsource.com/html/businesstechnology/2003989314_wamu02.html
Already battered and bruised by the nationwide housing slump, Washington Mutual got another black eye Thursday when New York Attorney General Andrew Cuomo accused the company of pressuring appraisers to inflate home values.
In a lawsuit filed in New York state court, Cuomo and his team accused appraisal firm eAppraiseIT and its parent, First American, of knuckling under to Seattle-based WaMu, one of the nation's biggest mortgage lenders.
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Cuomo said he didn't directly sue WaMu because as a federally chartered institution it is the federal government's regulatory responsibility.
Bill Ruberry, a spokesman for the U.S. Office of Thrift Supervision, said the agency is "actively looking into these allegations," adding that he wished Cuomo's office had shared the information it had gathered in the course of its nine-month investigation before going public with it.
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I'm a little curious about the real reason Cuomo didn't sue WAMU. Federally chartered or not, state AGs can still sue banks.
