Senate Dem Urges DOJ Probe Of Fla. Mortgage Firm

Law360, New York (March 8, 2013, 3:10 PM EST) -- Sen. Ron Wyden, D-Ore., on Thursday asked the U.S. Department of Justice to probe an alleged scheme at Lender Processing Services Inc., a Florida mortgage servicing technology firm, that resulted in homeowners and investors getting double-billed for legal services on foreclosures.

In a letter Attorney General Eric Holder, Wyden said LPS used an improper fee structure to get homeowners and investors to pay for legal fees associated with distressed mortgages, including preparing breach of contract letters and completing other forms, even though those fees for several...
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