Lawsuits allege fee-splitting at Prommis, LPS

The Federal Deposit Insurance Corporation (FDIC) has filed a lawsuit accusing Lender Processing Services Inc. (LPS) of negligence and breaches of contract for which they are demanding a jury trial.

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AOL’s DailyFinance reports:. An awful lot of attorneys are in deep trouble, two companies will be destroyed, two more will be deeply damaged and a venture capital firm faces big losses, if the allegations in a lawsuit updated monday are true.; Jonathan and Darlene Thorne accuse the companies, LPS Default Solutions and Prommis Solutions, and their attorneys of having an illegal and fraudulent.

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Jeff Crawford, and his wife, Eleanor Spratlin Crawford, along with a Columbus homeowner allege. Prommis Solutions, Great Hill and MERS are also accused in the suit of engaging in illegal fee.

The four insurers, Ambac Assurance Corp, Financial Guaranty Insurance Co, MBIA Inc, and Syncora Guarantee Inc., claim in their respective lawsuits that Countrywide ignored underwriting guidelines, resulting in loans that were riskier than had been represented to the insurers and thus subjecting the insurers to billions of dollars in insurance.

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Lawsuits allege radiation errors Seven patients who received treatment at the CentraCare Health Coborn Cancer Center from summer 2012 through last fall were over- or underexposed to radiation.

Federal Reserve Bulletin, June 1997 by Board of Governors of the Federal Reserve System (U.S.), Federal Reserve Board

The housing crisis has brought with it a barrage of lawsuits. LPS provides, ""are not legal services"" and therefore not subject to the fee-splitting legalities outlined in the complaint. Dick.

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