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Oregon To Get $3M In Robo-Signing Mortgage Settlement

AP | Jan. 31, 2013 1:40 p.m.

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AP

Attorney General Ellen Rosenblum says Oregon will get $3 million in a national settlement of claims against a mortgage processing company.

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Courtesy Wikipedia via Flickr http://www.flickr.com/photos/respres/2539334956/ Author: respres

The state was one of 46 as well as the District of Columbia that agreed to the settlement with Lender Processing Services over practices that included the “robo-signing” of foreclosure documents without properly reviewing documents.

The states said the company wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

The total settlement amounted to $121 million.

Rosenblum issued a statement Thursday that said the company provides mortgage loan processing and other services to some of the largest banks in the country, and after the housing bust, foreclosure became a big part of its business.

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