>Countrywide Appraisers
Date Filed: October 16, 2008
Court: U.S. District Court
Location: Washington
Ticker Symbol: CFC
Hagens Berman Sobol Shapiro filed a class-action lawsuit against Countrywide claiming the company engaged in a practice of pressuring and intimidating appraisers to defy industry standards and generate appraisals in line with the company's business objectives.
The suit claims Countrywide blacklisted appraisers who didn't comply, adding their names to the 'Field Review List'. After appraisers appear on the Field Review List, its business and revenues plummet, the complaint alleges.
Since Countrywide is one of the nation's largest home mortgage lenders, it has the reach and influence necessary to negatively affect an appraiser's business, potentially damaging thousands of people.
According to the complaint, as of Aug. 28, 2008, more than 2,000 names were on the Field Review List. The suit seeks to represent anyone named on the Field Review List and companies that adversely suffered due to Countrywide's alleged actions.
If you or your company is on the list, we'd like to hear from you. You can contact HBSS by clicking here, e-mailing info@hbsslaw.com or calling (206) 623-7292.
Court: U.S. District Court
Location: Washington
Ticker Symbol: CFC
Hagens Berman Sobol Shapiro filed a class-action lawsuit against Countrywide claiming the company engaged in a practice of pressuring and intimidating appraisers to defy industry standards and generate appraisals in line with the company's business objectives.
The suit claims Countrywide blacklisted appraisers who didn't comply, adding their names to the 'Field Review List'. After appraisers appear on the Field Review List, its business and revenues plummet, the complaint alleges.
Since Countrywide is one of the nation's largest home mortgage lenders, it has the reach and influence necessary to negatively affect an appraiser's business, potentially damaging thousands of people.
According to the complaint, as of Aug. 28, 2008, more than 2,000 names were on the Field Review List. The suit seeks to represent anyone named on the Field Review List and companies that adversely suffered due to Countrywide's alleged actions.
If you or your company is on the list, we'd like to hear from you. You can contact HBSS by clicking here, e-mailing info@hbsslaw.com or calling (206) 623-7292.
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