New York Attorney General Andrew Cuomo's investigation into mortgage broker influence on property values continued to grab headlines last week when he issued a subpoena to First American Corp.'s real estate appraisal unit eAppraiseIT. The attorney general ordered an inquiry about appraisals the unit performed in the state.

The subpoena was the latest in a string of such inquiries seeking information on alleged appraisal fraud. Appraiser Mitchell, Maxwell & Jackson and broker Manhattan Mortgage Co. were also issued subpoenas by the attorney general as part of the investigation - which includes disputed appraisals and how appraisals were ordered - earlier this month.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.