LETTER | Sen. Ron Wyden's Letter to Eric Holder re: Investigate Lender Processing Services (LPS) Fraudulent Fee Structure

"The ramifications of this case, seem to go well beyond a fraudulent fee structure. As my office has investigated the allegations brought to my attention, I have become convinced that the entities behind this scheme -- one in particular -- fostered an environment in which foreclosure was seen as an optimal outcome and shortcuts -- such as "robo-signing" -- were inevitable."

 cc: Secretary for Housing and Urban Development Shaun Donovan; Board of Governors of the Federal Reserve System Chairman Ben Bernanke; Consumer Protection Bureau Director Richard Cordray; Federal Trade Commission Chairman Edith Ramirez; Federal Trade Commission Bureau of Consumer Protection Director David Vladeck; Federal Housing Finance Agency Acting Director Edward DeMarco