LPS

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ServiceLink fined $65 million for LPS foreclosure deficiencies

Jan 24, 2017By

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.

3d rendering of a row of luxury townhouses along a street

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