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Housing Authority to Get Settlement Money

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PIERRE – Attorney General Marty Jackley says the South Dakota Housing Development Authority will receive South Dakota’s share of a multistate settlement with one of the nation’s biggest mortgage processing companies.

South Dakota is getting about $344,000 through the settlement with Lender Processing Services Inc., which earlier this year agreed to pay $121 million to resolve states’ claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

Jackley says the state Housing Development Authority administers a fund aimed at preserving and expanding affordable housing for low- and moderate-income families.

Mortgage Settlement Checks to be Distributed in South Dakota

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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