WaMu’s Top Officers Pay Pennies on the Dollar to Settle FDIC Claims. What’s the FDIC’s Case Against LSI Appraisal of Lender Processing Services Worth?

In March of this year, the FDIC sued Washington Mutual’s former CEO Kerry Killinger, its former chief operating officer Stephen Rotella and its former head of residential lending David Schneider for $900 million in alleged damages resulting from their “gross negligence” in running WaMu’s residential lending business.  The FDIC claimed Read more…