Lender Processing Services Defaults On Guidance, More Uncertainty Ahead

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) In late May, I wrote two pieces on Lender Processing Services (LPS) that reflected my increasingly bearish opinion on the company: “Rethinking Lender Processing Services Amidst New Allegations and Surging Put Activity” and “Shorts Close … Read more

Rethinking Lender Processing Services Amidst New Allegations and Surging Put Activity

Almost two weeks ago, I wrote a piece titled “Lender Processing Services Poised to Profit as Housing Market Worsens” in which I provided my thoughts and analysis about the latest earnings conference call for LPS. That piece included a detailed review of the entire earnings conference call. I concluded that the information management provided seemed … Read more

LPS Poised to Profit As Housing Market Continues to Worsen (Transcript)

(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece. Full article includes extensive notes from LPS’s last earnings conference call.) For two weeks, I have tried to post my notes from the first quarter earnings conference call for Lender Processing Services, Inc (LPS), a major … Read more

The OCC’s Enforcement Action May Confirm A Bottom for Lender Processing Services

On Wednesday, the Office of the Comptroller of the Currency rendered punishment on Lender Processing Services, Inc. (LPS) and other financial institutions “…for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing.” (See OCC Takes Enforcement Action Against Eight Servicers for Unsafe and Unsound Foreclosure Practices). The OCC now requires mortgage … Read more