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Countrywide, LandSafe accused of fraudulent appraisals during housing boom

Countrywide, LandSafe accused of fraudulent appraisals during housing boom

And while the appraisal industry has substantially improved since then, there are still some skeletons in the industry’s closet, and one of those skeletons could be about to see the light of day.

That’s because a federal judge recently granted class-action status to a lawsuit alleging that Countrywide Financial used LandSafe to conduct “sham” appraisals to increase the number of loans Countrywide originated during the mid-2000s.

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