Lender Processing Services (LPS -3.5%) is hit by a lawsuit filed by American Home Mortgage, one...

|About: Lender Processing Services,... (LPS)|By:, SA News Editor

Lender Processing Services (LPS -3.5%) is hit by a lawsuit filed by American Home Mortgage, one of the largest U.S. mortgage servicers, alleging that the firm improperly signed mortgage documents on its behalf and triggered millions of dollars in legal expenses as a result. LPS says it disagrees with the allegations.