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PROSECUTORS IN CALIFORNIA ARE INVESTIGATING ALLEGATIONS THAT LENDER PROCESSING SERVICES INC.

PROSECUTORS IN CALIFORNIA ARE INVESTIGATING ALLEGATIONS THAT LENDER PROCESSING SERVICES INC.

Prosecutors in California are investigating allegations that Lender Processing Services Inc., one of the nation’s largest mortgage processing companies, engaged in illegal practice of “robosigning”- signing thousands of foreclosure docs without checking their accuracy. Lender Processing is one of 16 banks and servicers the federal gov’t last month ordered to reimburse homeowners who were improperly foreclosed upon.

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