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New steps in foreclosure investigations announced

The attorneys general of four states including Illinois and California announced new demands in their probes of foreclosure practices by banks and the mortgage-servicing industry. California Attorney General Kamala Harris said Wednesday that she has subpoenaed Lender Processing Services Inc. as part of her investigation into so-called “robo-signing,” the practice of signing documents for foreclosures without verifying their accuracy. Illinois Attorney General Lisa Madigan said Wednesday that she was issuing subpoenas to Lender Processing and Nationwide Title Clearing Inc., another Florida-based company.

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