Articles Tagged with ''Lender Processing Services''

Fed fines another 5 banks $35.1 million for mortgage servicing and foreclosure infractions

These big banks yet to be penalized
On Friday, the Federal Reserve Board announced another $35.1 million in civil penalties against five banks as part of its effort to terminate enforcement actions, issued in 2011 and 2012, against a total of 10 banks related to residential mortgage loan servicing and foreclosure processing.
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ServiceLink fined $65 million for LPS foreclosure deficiencies

Fine related to 2011's industry-wide foreclosure settlement
The ghost of Lender Processing Services came back to haunt ServiceLink and Black Knight Financial Services on Tuesday, as the Federal Reserve, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. announced that they are fining ServiceLink $65 million for the “improper actions” of LPS that contributed to a massive settlement with the government over industry-wide foreclosure misconduct that occurred after the housing crash.
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Fidelity National planning Black Knight IPO

Company files registration statement with SEC
In what constitutes a "Back to the Future" moment for Fidelity National, the company is planning an initial public offering of stock in its subsidiary, Black Knight Financial Services. If approved, the company would trade on the New York Stock Exchange under the ticker symbol "BKFS."
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LPS: Home price increases slowed in October

No state saw increases higher than a full percentage point
October was a slow month for home price growth, with no state seeing an increase of more than a full percentage point and the Lender Processing Services Home Price Index only showing marginal growth from September.
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Fidelity settles with FTC on LPS purchase

Agreement green-lights planned acquisition/merger
The Federal Trade Commission has settled with Fidelity National Financial, Inc. on a complaint over the title giant's proposed $2.9 billion acquisition of mortgage technology and services provider Lender Processing Services (LPS), according to a statement from the FTC on Tuesday.
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LPS: US loan delinquency rate edges up 2.63%

NJ takes the No. 2 spot for non-current loans as Florida improves
The U.S. loan delinquency rate edged up a bit in November, but has been on the decline for most of the year, with delinquencies down more than 10% year-to-date, Lender Processing Services said.
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