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

Browdie, Brian
May 2013
American Banker;5/15/2013, Vol. 178 Issue 75, p10
Trade Publication
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.


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