Federal Banking Agencies Fine ServiceLink Holdings $65 Million For Improper Actions By Lender Processing Services, Inc. (LPS) Deficiencies

Categorized | STOP FORECLOSURE FRAUD

Federal Banking Agencies Fine ServiceLink Holdings $65 Million For Improper Actions By Lender Processing Services, Inc. (LPS) Deficiencies

Federal Banking Agencies Fine ServiceLink Holdings $65 Million For Improper Actions By Lender Processing Services, Inc. (LPS) Deficiencies

Joint Release
Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency

Federal Banking Agencies Fine ServiceLink Holdings $65 Million

WASHINGTON—The federal banking agencies today fined ServiceLink Holdings, LLC (ServiceLink Holdings), $65 million for improper actions by its predecessor company, Lender Processing Services, Inc. (LPS), which resulted in significant deficiencies in the foreclosure-related services that LPS provided to mortgage servicers.

The penalty assessed by the three federal banking agencies–the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency–against ServiceLink Holdings satisfied the document review provision of the previous enforcement action. The agencies continue to monitor the company’s compliance with other provisions of that order.

The fine will be remitted to the U.S. Treasury.

Media Contacts

FDIC Julianne Fisher Breitbeil (202) 898-6895
Federal Reserve Eric Kollig (202) 452-2955
OCC Stephanie Collins (202) 649-6870

Related Link

# # #
© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8444 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives