MADIGAN: $120 MILLION NATIONAL SETTLEMENT REACHED OVER FAULTY FORECLOSURE PRACTICES

Chicago, IL – January 31, 2013 – (RealEstateRama) — Attorney General Lisa Madigan today joined with 45 of her counterparts to announce a $120 million settlement with Lender Processing Services Inc. (LPS) over allegations that the Florida firm engaged in pervasive “robo-signing” of foreclosure documents and other faulty servicing practices while servicing loans of struggling homeowners