Lender Processing Services Creates Home Price Index to Help Mortgage Professionals Estimate Property Values
The applied analytics division of Lender Processing Services has formed its own home price index to help mortgage professionals criminal banksters estimate property values manipulate property values by looking at various trends taking place for properties throughout the country.
Using the LPS database and sources, the HPI will comprise more than 13,000 ZIP codes nationwide. For every ZIP code, the HPI will provide five tiers to show varying price ranges and patterns of change for different homes in the area from low-class, middle-market and high-end properties.
REO discounts down to the ZIP code level are also provided in the LPS HPI and used to correct for distortions that otherwise occur when REO sales are included in HPI calculations.
The Jacksonville, Fla.-based provider of mortgage data and technology said both of these features make the HPI “a reliable tool for estimating borrower stress, negative equity and potential for default and loss how to make the borrower default.”
Two repositories called Sitex Real Estate and McDash Loan Data provide approximately 75% of the data for properties throughout the country. Almost 98% of these properties are indexed at the ZIP-code level.
Because both repositories are owned and maintained by LPS, the company can facilitates manipulate more efficient Fraudulant processing and show manipulate market trends at least two months before other competing indices. LPS said it plans on updating its HPI monthly to avoid manipulate gaps in historical data.
“With multiple economic issues felonies committed by the industry pressuring local home prices, it’s more important than ever that mortgage industry professionals criminal banksters have an accurate understanding a better way to manipulate the property values collateralizing unsecured loans in their portfolios,” said Dan Berman, president of LPS Applied Analytics. “It’s not feasible to order updated appraisals or even automated valuation model reports for every property represented in a portfolio that we are planning to steal, but the LPS Home Price Index is a cost-effective means of estimating manipulating current property value, risk of loss and borrower stress.”
Or something like that…
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4closureFraud.org
I am the plaintiff suing Wachovia for lying, cheating, and stealing from me, everything is with MERS, “ASSIGNMENTS OF SUBSTITUTE TRUSTEES’ etc. (call me Rita 757-427-0075)
I have 2 fraud/predatory loans from them, Oct. 24, 2005 World Savings Bank / Wachovia and Nov. 21, 2006 Peoples Choice Home Loan / Specialized Loan Servicing L.L.C. / Wachovia / Wells Fargo. In the United States District Court for the Eastern District of Virginia, Norfolk Division. RITA CHECHE Plaintiff, v. WITTSTAT TITLE & ESCROW COMPANY, LLC, WACHOVIA BANK NATION ASSOCIATION AND SPECIALIZED LOAN SERVICING, LLC, Defendants. TRIAL DATE: OCT. 18, 2011.
NO ONE IS GETTING TREATED FAIRLY, AND I KNOW, WITH YOUR HELP, WE CAN CHANGE THIS. Or, anyone can help me, please give them my information, Rita Cheche, 757-427-0075. I have an email, rcheche1@cox.net but I am getting hundreds of emails of people in mortgage trouble, needing help, SO PLEASE CALL ME DIRECTLY. I need to get my story & evidence in the public eye! And be in the public eye to make it harder for the court system to continue to violate my rights. I’m not great on the computer, not having the right tools for the job! BUT I AM THE FAXING QUEEN! If you would like to see proof of any docs.
I have evidence of every entity & actors’ violations of the law and my rights, example of just one of hundreds of my original documents:
VICE PRESIDENT OF WACHOVIA, JUDY WILLS, FORGED AN IMPORTANT DOCUMENT FROM MY FRAUD MORTGAGE CLOSING, SHE SIGNED MY NAME INCORRECTLY, AND DATED IT 3 YEARS AFTER THE CLOSING DATE, PLUS IT’S DATED 6 MONTHS INTO THE FUTURE (closing 11/21/05, date of package to O.T.S. 03/25/08, date on document 09/23/08). V.P. of Wachovia sent her version of my closing package TO THE OFFICE OF THE THRIFT SUPERVISION, Dept. of Treasury, answering my complaint to the Attorney General of TX, Greg Abbott. I have contacted approx. 15 agencies, having the correspondences, including the secret service and the F.B.I. and getting NOTHING BUT SCREWED.
PLEASE COME TO Virginia Beach, VA to document my plight, before they silence me. My case is a Precedence Setting Case, and will help hundreds of thousands, with your help!
They have stolen over 2.3 million in assets alone. Losing my commercial floor contracting business, I started in 1986, installing floors and wallpaper. Forced to liquidate and/or lost my 9 unit apartment building I provided to the Section 8 Program, a duplex on Chesapeake Bay, I bought to help a lifetime friend who is a quadriplegic, a single family rental home, my son’s education, and my retirement.
My attorney (working for Wachovia) is continuing to bend me over, holding me for WACHOVIA! I have searched for the last 6 yrs. for representation, hiring mine 2 years ago, and in that time I’ve had about 15 mins. Face to face, the first & only appt. She said, for a cost of thousands, up front, she would do everything I asked, get my 2.3 million back, my home, my livelihood, what I would have made with my business, real estate properties, assets, investments, $100k, 25 yr. equity credit line from my rental, they illegally closed, & my excellent credit (they ruined my credit within 48 hours of 1st fraud closing, Oct. 24, 2005 dropping approx. 200 points to 513). Plus, I wanted several million dollars for ruining my family & my life! I wanted all of them to pay until it crushed them, legally doing to them what they illegally did and are continuing to do to me!
I was retiring, when they ripped off my world. I have done nothing but fight back, every waking moment since Oct. 24, 2005. I will fight till I win what is rightfully mine, and then, with the money I win, I will help homeowners get their worlds back! My attorney pulled out the 3-day Cancellation Notice I signed, faxed, mailed & confirmed received, saying “we can start with this”, and then we can file motions and such, after looking over only a couple of pages of my presentation, I set up at 1st & only appt.
I had 2 hrs. to wait for her, an empty conference room, & 6 files boxes of documents to show her. She said she would be in touch to go over everything else, after I deposited the money into her account.
I personally, with my money & labor had taken an old 1300 sf. farm house built in 1890’s having a “Purchase Money Mortgage” of $235K, 06/30/04 no additional loans, my boyfriend built with my money & help, I alone paid for everything, building a 4,000 sf. 2-story Custom home appraised 03/06, for $796,500.00, the bank, with 2 fraud mortgages stole every cent of equity, & a year after my court case, I put against them they fraudulent foreclosure, everything is with MERS, “ASSIGNMENTS OF SUBSTITUTE TRUSTEES’ etc.
but there are no attorneys who specialize in mortgage fraud (not even the ones that advertise, like my attorney). Up until a few months ago, they acted like I was a “crazy lady”, who was trying to get something for nothing from the “Great Gods”, I mean, the banks, brokers, title companies, insurance cos., credit bureaus. I’ve corresponded with at least a hundred. Locally, in Virginia, owned and operated by Wachovia / Wells Fargo Bank, they want to bankrupt you or do a bogus modification, not go up against the “Almighty Bank, WACHOVIA”, and the out-of-state attorneys, Demet, etc. that have succeeded against the banks for homeowner’s tell me they “are licensed in 34 states but not licensed in VA”. Virginia is a “Commonwealth” run by the CBN, and Wachovia/Wells Fargo, also, a NON-JUDICIAL STATE, this bunch of “Good ol’ Boys” stick together & change the “rules” to sue themselves, just like our government.
If you know a lawyer or advocate or anyone who can help, before my lawyer and the court shut down all my options,
PLEASE CALL ME, Rita Cheche (757) 427-0075.
Just the icing on the cake
When this thing finally goes, it will be with a big bang.
…merely a service they provide. Are they up for a ‘community service award’ in all those communities they’ve ruined. ‘Yes; a service we provide. We can play it any way it goes to turn a buck. Why let scruples stand in our way?’ Where’s the price list for this bit of entrepreneurship?
I don’t get this company. Obama quoted their data. Elizbath Warren quoted their data. I thought I read also that when the LPS investigation was begun, they limited-THEY limited- investigation only to their Alpharetta, Georgia Docx facility. What about Mendota Heights, MN where sooo many of the Robosignings came from? Were they still too busy in MN?
How is it the criminal gets to tell investigators where they may look?
And how is it Obama & Warren are quoting their data? Does the Government also have a contract with LPS just like the foreclosure mills did? Anybody…?
“Does the Government also have a contract with LPS just like the foreclosure mills did?”
Well…
The Devil is in the Details – Introducing LPS Government Solutions
Posted by 4closureFraud on May 17, 2010 ·
A Trusted Partner Of Government Agencies LPS is already working in a variety of capacities with many government and government-sponsored agencies, including: • Bureau of Reclamation • Fannie Mae® • Federal Deposit Insurance Corporation (FDIC) • Federal Housing Finance Agency • Federal Reserve System • Freddie Mac® • Ginnie MaeSM • Hope Now Alliance • … Read more