A federal bankruptcy judge concluded that the mortgage servicing company, Lender Processing Services (LPS.N), deliberately committed fraud on the court in a foreclosure case, by giving false testimony and submitting a “sham” affidavit. The written opinion also sharply criticized the entire mortgage servicing industry, stating “One too many times, this Court has been witness to the shoddy practices and sloppy accountings of the mortgage service industry.” Alarmingly, LPS, has handled about half of all foreclosures in the United States, in recent years. They will be back in court next month to face sanctions.
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