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Product or Service
This is an ongoing investigation and potential class action against Richmond American Homes and Countrywide.
The investigation is based on reports from homeowners claiming Richmond American Homes may be engaged in agreements with Countrywide to inflate the appraisal value of Richmond American homes.
These homeowner reports suggest that Richmond American Homes may have artificially inflated the home appraisal values of new homes with Countrywide, driving up home sale prices and pushing unsuspecting homeowners into dangerous loans.
The homebuilder operates in Colorado, Maryland, Virginia, Arizona, California, Delaware, Florida, Illinois, Nevada, New Jersey, Pennsylvania, Utah and West Virginia.
If you purchased a home through Richmond American Homes from 2006 to present, you may have information material to this investigation.
Name (Stock Symbol)
Countrywide Financial Corporation
Countrywide Financial Corporation originates, services and resells home loans. It is owned by Bank of America.
Richmond American Homes
Richmond American Homes is a residential home builder. It is a wholly owned subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC).
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