TITLE

LPS to Pay $14M to Settle Robo-Signing Suit

AUTHOR(S)
Browdie, Brian
PUB. DATE
May 2013
SOURCE
American Banker;5/15/2013, Vol. 178 Issue 75, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports Lender Processing Services (LPS) agreed to settle a lawsuit filed in 2010 that accused the mortgage processing company with deceiving investors. The suit claims LPS had improper foreclosure-related fee arrangements with lawyers and signed documents without verifying their accuracy. The article notes the proposed $14 million settlement was filed in a Florida court. It also notes LPS has agreed to pay $127 million to settle similar allegations in several states.
ACCESSION #
87663325

 

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