Fla. Mortgage Firm Agrees To $120M Robosigning Deal

Law360, New York (January 31, 2013, 1:43 PM EST) -- A Florida-based mortgage servicing firm on Thursday agreed to pay $127 million to settle claims that it engaged in robosigning of foreclosure documents and other faulty practices with state regulators.

Jacksonville, Fla.-based Lender Processing Services Inc. and two of its subsidiaries, LPS Default Solutions and DocX, also agreed to several changes to its operations as part of the deal with attorneys general from 46 states and the District of Columbia. The settlement brings to a close most state investigations into LPS's document preparation, verification, signing and...
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