CINCINNATI - A Sixth Circuit U.S. Court of Appeals panel on April 23 reversed an award of summary judgment to a mortgage lender, a mortgage brokerage firm and its principals after finding that an appraisal that inflated the value of a man's home as part of the formation of an adjustable-rate mortgage (ARM) loan was the proximate cause of his alleged financial injury (Harold C. Wallace v. Midwest Financial & Mortgage Services Inc., et al., No. 12-5208, 6th Cir.; 2013 U.S. App. LEXIS 8111)...(read more)![]()
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