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FDIC goes after allegedly negligent appraisers

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Wednesday, November 30, 2011
For 29 appraisers, it wasn't a very thankful holiday. In the weeks leading up to Thanksgiving, the appraisers in question were sued by the Federal Deposit Insurance Corp. (FDIC). They face allegations of professional negligence in the form of over-appraising the value of properties securing loans by the failed Downey Savings. Read on for the story.

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