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A boom amid the busts

The stock of Lending Processing Services soared during the housing bust as foreclosures surged. But the share price tumbled recently as state and federal investigators probe allegations that it fraudulently prepared foreclosure documents.

State and federal investigators are probing allegations that Lending Processing Services fraudulently prepared foreclosure documents.

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Warning signs of foreclosure crisis were ignored, says FDIC Chairman Sheila Bair
Article | Sheila C. Bair, chairman of the Federal Deposit Insurance Corp., said Monday that federal officials should have recognized "warning signs" in recent years that the mortgage industry was cutting corners in the foreclosure process.
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U.S. probing foreclosure processors
Article | The more banks foreclosed on homes, the more a little-known company in Florida called Lender Processing Services saw its revenue and stock price soar.

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