WASHINGTON—The federal banking agencies 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.   back...
Search News

Arizona Free Press

Click on "Latest Threads" above
for additional articles.

Physical Address

A government big enough to give you everything you want, is strong enough to take everything you have. -Thomas Jefferson

Mailing Address

550 N. Willow St.
Globe, AZ 85501