Lender Processing Services Stock Hits New 52-Week Low (LPS)

You can watch the stock tank here… ~ 4closureFraud.org

Dismissal of NY Attorney General Schneiderman shows Obama Administration and Iowa AG Miller poised to let Big Banks off the hook for Mortgage Fraud

Press Release | Outraged Homeowners, Clergy, Community Members make specific settlement demands and deliver report directly to 50 state-AG’s on how fixing foreclosure crisis will create one million jobs The news that Iowa Attorney General Tom Miller has summarily dismissed New York Attorney General Eric Schneiderman from the executive committee of the 50 state Attorney … Read more

‘MERS Morass’ is Hanging Up Negotiations on Foreclosure Settlement

“We’re really wrestling with MERS. Does it need to be part of this?” said one official who spoke on the condition of anonymity because the talks are ongoing. “MERS is a bit of a swamp.” ~ ‘MERS morass’ is hanging up negotiations on foreclosure settlement Given the broad reach that MERS has into every aspect … Read more

Fraud Digest | Mortgage Fraud – American Home Mortgage Servicing, Inc and Lender Processing Services (LPS)

Mortgage Fraud American Home Mortgage Servicing, Inc. Lender Processing Services Action Date: August 23, 2011 Location: Jacksonville, FL On August 23, 2011, American Home Mortgage Servicing, Inc. filed a lawsuit against Lender Processing Services (“LPS”). The suit alleges that LPS employees improperly signed more than 30,000 mortgage documents. This allegation is like a confession from … Read more

KABOOOOM | Plaintiff’s Petition – American Home Mortgage Servicing vs Lender Processing Services (LPS)

Looks like AHSMI just opened Pandora’s box. From Naked Capitalism… The lawsuit rather matter of factly makes a stunning admission (note that PSA here means Professional Services Agreement, and it was the contract between AHSI and LPS, click to enlarge): Did you get it? They said that these procedures were standard between the two companies, … Read more