Incremental Improvement Continues for U.S. Mortgages

(This is an excerpt from an article I originally published on Seeking Alpha on March 28, 2013. Click here to read the entire piece.) The Office of the Comptroller of the Currency (OCC) just released its report on mortgage performance for the fourth quarter of 2012. It is a story of mortgages that continue to [...]

Read More About - Incremental Improvement Continues for U.S. Mortgages »

This is an excerpt from an article I originally published on Seeking Alpha on February 3, 2013. Click here to read the entire piece.) On January 31st, Lender Processing Services (LPS) announced the company has settled with the attorneys general of 46 states and the District of Columbia over accusations of fraudulent practices in its [...]

Read More About - Settlement By Lender Processing Services Clears Major Overhang »

(This is an excerpt from an article I originally published on Seeking Alpha on November 26, 2012. Click here to read the entire piece.) I have followed Lender Processing Services (LPS) for a little over two years. It all started soon after LPS sold off swiftly in the wake of disclosures regarding “foreclosuregate” in late [...]

Read More About - Post-Earnings Selling Sets Up Opportunity In Lender Processing Services »

(This is an excerpt from an article I originally published on Seeking Alpha on May 31, 2012. Click here to read the entire piece.) {snip} Since a spate of heavy call buying in February, short interest has taken a fresh plunge. It has now returned to levels last seen right before foreclosuregate exploded. Source: NASDAQ.com [...]

Read More About - Shorts Back Off Lender Processing Services As Overall Prospects Continue To Improve »

(This is an excerpt from an article I originally published on Seeking Alpha on March 19, 2012. Click here to read the entire piece.) I still believe that a bottom is coming for housing in 2013. Some areas of the country, like the Silicon Valley area of Northern California, have already left a bottom far [...]

Read More About - From Silicon Valley to Florida – Two Extremes In A Recovering Housing Market »

(This is an excerpt from an article I originally published on Seeking Alpha on February 26, 2012. Click here to read the entire piece.) When Lender Processing Services (LPS) reported fourth quarter and full 2011 earnings on February 13, the company provided downside guidance on earnings and revenues. When the stock opened 6% lower, it [...]

Read More About - The Comeback for LPS Continues Even After Earnings Disappoint »

(This is an excerpt from an article I originally published on Seeking Alpha on February 12, 2012. Click here to read the entire piece.) Perhaps I should all the recent call option activity in Lender Processing Services (LPS) should not surprise me given a massive foreclosure deal between banks and federal and state governments arriving [...]

Read More About - Call Volume Surges Again On Lender Processing Services »

(This is an excerpt from an article I originally published on Seeking Alpha on February 7, 2012. Click here to read the entire piece.) Lender Processing Services (LPS) has gained 31% year-to-date. This jump follows the activity of intrepid traders/investors who loaded up on LPS June $21 call options in December – these call options [...]

Read More About - Turn-Around Continues for LPS As More Call Buying Counters Increasing Short Interest »

This is an excerpt from an article I originally published on Seeking Alpha on December 29, 2011. Click here to read the entire piece.) In early November, I wrote that a turnaround finally seems to be materializing for Lender Processing Services (LPS). Regulatory and legal issues have long been a severe overhang for LPS, so [...]

Read More About - After LPS Plunges On New Legal Woes, Volume Soars in Call Options »

This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) {snip} Today, I am going to try again to make the case that LPS is potentially turning around. Here are the main points and observations: Short interest is down 34% from [...]

Read More About - Turnaround Potential Materializing Again for Lender Processing Services »