LETTER | Sen. Ron Wyden's Letter to Eric Holder re: Investigate Lender Processing Services (LPS) Fraudulent Fee Structure

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LETTER | Sen. Ron Wyden’s Letter to Eric Holder re: Investigate Lender Processing Services (LPS) Fraudulent Fee Structure

LETTER | Sen. Ron Wyden’s Letter to Eric Holder re: Investigate Lender Processing Services (LPS) Fraudulent Fee Structure

“The ramifications of this case, seem to go well beyond a fraudulent fee structure. As my office has investigated the allegations brought to my attention, I have become convinced that the entities behind this scheme — one in particular — fostered an environment in which foreclosure was seen as an optimal outcome and shortcuts — such as “robo-signing” — were inevitable.”

 cc: Secretary for Housing and Urban Development Shaun Donovan; Board of Governors of the Federal Reserve System Chairman Ben Bernanke; Consumer Protection Bureau Director Richard Cordray; Federal Trade Commission Chairman Edith Ramirez; Federal Trade Commission Bureau of Consumer Protection Director David Vladeck; Federal Housing Finance Agency Acting Director Edward DeMarco

[ipaper docId=129310574 access_key=key-2hoa66jrcs7bnkszhyxx height=600 width=600 /]

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