Massachusetts AG Martha Coakley reaches $1.6 million settlement with company tied to `robosigning’

Massachusetts is expected to receive about $ 1.6 million from a Florida-based foreclosure processing company as part of a multi-state settlement to resolve allegations the firm engaged in the “robo-signing” of documents, attorney general Martha Coakley said Thursday. The company, Lending Processing Services Inc., and its subsidiaries, LPS Default Solutions and DocX, agreed to a $ 120 million accord with 46 attorneys general to settle claims of “improper” conduct related to the company’s foreclosure procedures, the attorney general’s office said.

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