(LPS) Lender Processing – Bear of the Day
Posted on June 02, 2011 at 12:08 PM EDT
Lender Processing Services’ (LPS) first-quarter 2011 results were a mixed bag. We are concerned about the high debt on its balance sheet as well as challenging origination and default market. There is also a possibility of further foreclosure delays. Moreover, the company is anticipating near-term challenges due to significant changes in the origination volumes. Hence, [...] (LPS) Lender Processing – Bear of the Day