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Maine will receive $500,000 as part of a national settlement accusing a Jacksonville, Fla.-based mortgage processor of an automated loan approval practice called "robo-signing."
As a result of the settlement, Lender Processing Services Inc. will pay a total of $120.6 million to 45 states, according to a press release from Janet Mills, Maine's attorney general.
Mills said that the company's use of robo-signing and other improper signing practices contributed to a "high rate of hastily processed foreclosures in Maine and across the country."
The funds from the settlement, she said, will be used to support housing counselors to help Maine homeowners avoid foreclosure.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
This special publication examines the innovation infrastructure in Maine and the resources available to help entrepreneurs at the various stages of their journey.
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