LPS: Lender Processing Services, Inc. Instablogs

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Monday, May 6, 9:01 AM New problem mortgage loan rates fell to 0.84% in March, according to Lender Processing Services (LPS), the first time below 1% since 2007 (it averaged 0.55% from 2000-2004). Negative equity is the key, says LPS' Herb Blecher, and it's falling fast thanks to rising prices. 4 Comments [U.S. Economy]
Wednesday, April 24, 5:03 PM Lender Processing (LPS): Q1 EPS of $0.63. Revenue of $471.7M beats by $0.42M. (PR) Comment! [Earnings, Breaking News]
Wednesday, April 24, 12:10 AM Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA 1 Comment [Earnings]
Tuesday, April 23, 5:35 PM Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA Comment! [Earnings]
Thursday, April 18, 5:07 PM Lender Processing Services, Inc. (LPS) declares $0.10/share quarterly dividend, in line with previous. Forward yield 1.63%. For shareholders of record May 30. Payable June 13. Ex-div date May 28. (PR) Comment! [Dividends]
Friday, March 8, 11:30 AM After Kentucky was caught sending cash to a basketball recruit, Jerry Tarkanian famously said, "The NCAA is so mad at Kentucky, it's going to put Cleveland State on probation." Lender Processing Services (LPS) might find itself in the DOJ's sights after a Senator urges AG Holder to look into its practices. Holder this week admitted the big banks are too powerful to prosecute. Comment! [Financials]
Thursday, March 7, 9:50 AM Certain non-judicial foreclosure states have begun to take on "judicial-like" characteristics, says LPS (presentation), noting a recent more-than-doubling in the "time to clear" in Nevada and Massachusetts. On watch is California, which recently passed legislation modeled after Nevada's. Might it become like judicial NY and NJ where backlogs could take decades to clear if nothing changes? (PR) 1 Comment [U.S. Economy]
Thursday, February 7, 6:57 PM Lender Processing Services, Inc. (LPS) declares $0.10/share quarterly dividend, in line with previous. Forward yield 1.62%. For shareholders of record Mar. 07. Payable Mar. 21. Ex-div date Mar. 05. The board authorized share repurchase up to $100M. (PR) Comment! [Dividends]
Thursday, February 7, 5:39 PM Lender Processing (LPS): Q4 EPS of $0.74 beats by $0.08. Revenue of $508.4M (-5% Y/Y) beats by $8.99M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, January 31, 10:25 AM Lender Processing Services (LPS +4.4%) settles with the States for $127M for its role in the mortgage servicer foreclosure abuse cases. (PR) 1 Comment [Financials, On the Move]
Wednesday, December 5, 2012, 11:44 AM A big decline in foreclosure starts in October (-22% M/M, -48% Y/Y) is likely temporary, says LPS Senior VP Herb Blecher. The fall coincides with the implementation of the National Mortgage Settlement, whose purpose is to slow down the process. "We do not believe this is indicative of a longer-term trend. (PR) Comment! [U.S. Economy]
Monday, October 29, 2012, 4:10 PM Lender Processing Services (LPS): Q3 EPS of $0.71 misses by $0.01. Revenue of $512.7M (-1.3% Y/Y) misses by $2M. (PR) Comment! [Earnings, Tech]
Thursday, August 2, 2012, 5:59 PM Lender Processing Services (LPS): Q2 EPS of $0.76 beats by $0.16. Revenue of $533M (+6.7% Y/Y) beats by $22M. Shares +4.2% AH. (PR) 1 Comment [Earnings, Tech, On the Move]
Tuesday, July 24, 2012, 6:17 PM Lender Processing Services (LPS) declares $0.10/share quarterly dividend, in line with previous. Forward yield 1.67%. For shareholders of record Sep 06. Payable Sep 20. Ex-div date Sep 04. (PR) Comment! [Dividends]
Thursday, May 3, 2012, 7:20 AM Lender Processing Services (LPS): Q1 EPS of $0.59 beats by $0.02. Revenue of $506M (-5.8% Y/Y) beats by $16M. (PR) Comment! [Earnings, Tech]
Thursday, May 3, 2012, 12:05 AM Notable earnings before Thursday’s open: AEE, AMT, ANR, ANSS, APA, ARG, BBG, BCE, BEAM, CAH, CHSI, CI, CNP, CVC, CXW, DNR, EP, EPB, ESV, GM, GOLD, HCA, LEA, LPS, LVLT, LXP, MDC, MFA, MFC, MGM, NRG, OGE, PGN, PWR, PXP, SBH, SEE, SLE, SNI, SRE, SXCI, TDC, TIE, UPL, VIAB, VRX, WNR Comment! [Earnings]

LPS Lender Processing Services, Inc.

LPS

Lender Processing Services, Inc.