Cheap Reporters (like Seeking Alpha) don't do a lot of homework, they just need to get paid
I'm not going to get into this reporting bs here, but, in short, I just wanted you to know that LPS does NOT make it's $$ on refis (as reported and declining). New Sales, yes, but Refis are just a wash to the original MSP sale. Their big winner (bread & butter) and core business is MSP. And by that I mean #$%$ per the transaction! When you have a sale (i.e an additional mortgage) that's plus xxx number of transactions. When you have that same mortgage being serviced and that same goes into foreclosure, you have double the number of transactions. Get it?? And if you read the actual business releases on this, you'll see that there's a tanker (or two) of foreclosures coming this year. Buy now because the 2012 (year end) and the upcoming expectations are going to be 'steller'). Good luck everyone.