Two federal lawsuits against appraisal management companies could become weapons for mortgage-backed securities investors seeking to make lenders buy back soured loans.

The Federal Deposit Insurance Corp., in its position as receiver for the failed thrift company Washington Mutual Inc., has charged that eAppraiseIT, a subsidiary of CoreLogic Inc., and LSI Appraisal, a subsidiary of Lender Processing Services Inc., performed sloppy appraisals that led to losses of at least several hundred million dollars at WaMu.

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