+ Watch LPS
on My Watchlist
Ocwen Financial Corps (ONC) announced purchase of mortgage servicing rights and related advances from OneWest Bank will affect LPS because OneWest Bank uses LPS for servicing and Ocwen has other in-house sources for servicing. OneWest Bank is one of LPSs biggest clients.
Wide variety of services from loan origination, to servicing, to default management should help negate downturns in one particular area,
Here's the sell rec:http://www.fool.com/investing/general/2010/12/21/rising-star-shorts-bank-of-america-and-lender-proc.aspx
LPS network employees and attorneys were the kings and queens of "robo-signing" -- and LPS is now paying the piper.
Wish I got it earlier today after false news report killed it. These guys will be buried in business with bancruptcies and foreclosures this year.
New to CAPS rating. 2 Star rating w/ P/E Ratio of 0.00 following a significant drop in market the previous day. Price near 52 wk low w/ a range of 28.51-36.63. Currenly beating the SPY by about 25%. Trying to rate at a low point. This company processes foreclosures, refinances, etc. Seems to be the right company for the right time with all of the housing issues within the United States. Should be a good play profiting on tough economic situations. Track closely and re-evaluate in Jun09.
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