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Regional News

Lender must pay for fraud


Lender Processing Services, Inc. has settled a lawsuit by Oregon and 46 others states alleging the company and it's subsidiaries engaged in "robo-signing" or forgeries of foreclosure documents and other bad behavior. Named subsidiaries are LPS Default Services, Inc and Dox-X, LLC.  Jeff Manning in the Oregon Attorney General's Office says the state will get $3-million of the $120-million settlement.  Individuals affected by LPS's "robo-signing" may be eligible for compensation related to the suit but Manning says how much and when it would be available isn't yet known; encouraging you to watch the AG's website for details in coming months.


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