Jan 31 Lender Processing Services Inc
said it will pay $127 million to settle inquiries related to
some of its signing and notarization practices.
Shares of the company rose more than 8 percent to $24.25 in
early trading Thursday on the New York Stock Exchange.
The mortgage service provider said it had entered into
settlements with attorneys general of 46 states and the district
LPS said it increased its legal and regulatory reserve for
the quarter ended Dec. 31 by $48 million. The company is
scheduled to report fourth-quarter results on Feb. 7.
LPS had previously settled similar inquiries with Missouri,
Delaware and Colorado and Thursday's settlement leaves the
complaint filed buy Nevada as the only unresolved inquiry.