WV Attorney General Morrisey announces $113 million settlement - WOWK 13 Charleston, Huntington WV News, Weather, Sports

WV Attorney General Morrisey announces $113 million settlement

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • UPDATE: All Northbound lanes open on I-77 at East River Mountain Tunnel

    UPDATE: All Northbound lanes open on I-77 at East River Mountain Tunnel

    Saturday, July 26 2014 6:42 PM EDT2014-07-26 22:42:00 GMT
    All northbound lanes are back open after a tractor trailer that caught fire inside the East River Mountain Tunnel on Friday. It happened in the northbound lanes of the tunnel that divides Mercer and Bland around 2:00 Friday afternoon.
    All northbound lanes are back open after a tractor trailer that caught fire inside the East River Mountain Tunnel on Friday. It happened in the northbound lanes of the tunnel that divides Mercer and Bland around 2:00 Friday afternoon.
  • Sistersville Woman Crowned Mrs. West Virginia, Will Compete for National Title

    Sistersville Woman Crowned Mrs. West Virginia, Will Compete for National Title

    Tuesday, July 15 2014 4:17 AM EDT2014-07-15 08:17:38 GMT
    A Sistersville mother, wife, and soon-to-be teacher, holds another very impressive title as she gets ready to take on the competition on a national stage.Mrs. West Virginia, Melissa Smith, will compete for the title of "Mrs.United States," in September. Smith travels throughout the state right now helping to push her platform. "Right now, I'm very focused on improving literacy education. I'm going to be an elementary school teacher and I have been traveling throughout West Virginia reading to...
    A Sistersville mother, wife, and soon-to-be teacher, holds another very impressive title as she gets ready to take on the competition on a national stage.Mrs. West Virginia, Melissa Smith, will compete for the title of "Mrs.United States," in September. Smith travels throughout the state right now helping to push her platform. "Right now, I'm very focused on improving literacy education. I'm going to be an elementary school teacher and I have been traveling throughout West Virginia reading to...
  • Federal judge in Martinsburg, West Virginia, sends 10 to prison for violating probation

    Federal judge in Martinsburg, West Virginia, sends 10 to prison for violating probation

    Sunday, July 6 2014 11:00 AM EDT2014-07-06 15:00:12 GMT
    Nine Martinsburg, West Virginia, residents and another from Keyser were sentenced to federal prison for breaking the law while they were on supervised release or probation.
    Nine Martinsburg, West Virginia, residents and another from Keyser were sentenced to federal prison for breaking the law while they were on supervised release or probation.

West Virginia and 44 other states have reached a $113 million settlement with Lender Processing Services Inc and its subsidiaries, LPS Default Solutions and DocX, state Attorney General Patrick Morrisey announced Jan. 31.

The proposed settlement would resolve allegations that the Jacksonville, Fla.-based company, which provides technical support to banks and mortgage loan services, "robo-signed" documents and other improper conduct in its mortgage loan default services.

West Virginia would receive $203,594 under this settlement. This money would be used for litigation and administrative costs incurred for consumer protection purposes, appropriation by the Legislature and distribution to taxpayers/consumers, the news release states.

According to Morrisey's news release, if the settlement is approved by the Kanawha County Circuit Court, LPS will be required to reform certain business practices.

LPS would be required to review documents executed from Jan. 1, 2008, to Dec. 31, 2010, to determine if documents need to be re-executed or corrected, the news release states.

LPS also will make periodic reports to the attorney general of the status of its review.

"The mortgage crisis has affected far too many families. I am pleased that LPS is willing to enhance its practices to ensure all foreclosure proceedings are strictly followed," Morrisey said in the release.