lps

Attention homeowners! Whether you're current or in default make sure to scrutinize your mortgage bank's math. As recent court testimony explains, there's a chance that the bank is wrong about how much you owe -- particularly if you're behind on payments.

A Louisiana bankruptcy case involving a single foreclosure best illustrates the problems with the banks' outsourcing their mortgage default work to firms like LPS. The result of this money-saving maneuver by banks winds up costing everyone else dearly.

A pension fund is suing foreclosure-services giant Lender Processing Services, a key player in the robo-signing mortgage mess, for fraud.