Settlement award will be used by SD Housing Development Authority

     PIERRE, S.D. (AP) - 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.
 AP-WF-04-25-13 1149GMT

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Topics : Business_Finance
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Locations : South Dakota
People : Marty Jackley
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