LPS Reaches $127 Million Deal in States’ ‘Robosigning’ Probe
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Lender Processing Services Inc. reached a multistate settlement to resolve claims of improper foreclosure practices, including the “robosigning” of documents used to repossess homes.
The $127 million settlement involves 46 states and the District of Columbia, LPS said today in a statement. The settlement also will require LPS to reform practices and correct faulty foreclosure paperwork, Illinois Attorney General Lisa Madigan said in a separate statement.