LPS Responds To WSJ Article On Federal Probe Into Alleged Dubious Pratices In Foreclosure Actions

From a recent press release from Lender Processing Services:

• Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage industry, [Monday] provided clarification to a recent article published by the Wall Street Journal.(1)

• As indicated in LPS' most recent Form 10-K, filed in February 2010, LPS reported that during an internal review of the business processes used by its document solutions subsidiary, the Company identified a business process that caused an error in the notarization of certain documents, some of which were used in foreclosure proceedings in various jurisdictions around the country.

For the press release, see LPS Offers Clarification to Recent Article.

For an earlier post on this story, see WSJ On Feds' Probe Into LPS' "Docx" Sub; Allegations Of Creation Of Bogus Paperwork & Dubious Notarizations In Foreclosure Actions Under The Spotlight.

(1) See U.S. Probes Foreclosure-Data Provider (Lender Processing Services Unit Draws Inquiry Over the Steps That Led to Faulty Bank Paperwork).