Industry NewsMortgage

Report: Robo-signing probe ‘intensifying’

LPS calls Reuters article 'inaccurate and sensational'
Published on Dec 10, 2010

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by CareyBot

A federal criminal investigation of Lender Processing Services Inc.'s alleged involvement in robo-signing practices is gaining momentum, and evidence in several class-action lawsuits suggests the company faces greater legal exposure to the robo-signing scandal than it has acknowledged, Reuters reports.

But LPS -- the data provider for the National Association of Realtors' national property database, Realtors Property Resource -- today issued a rebuttal to the "special report" published by Reuters Dec. 6, saying it was "extremely disappointed in the inaccurate and sensational article."