Lender Processing Services ( LPS), the second-largest fund holding at 0.7%, is the leading mortgage processor with 50% of the market for residential mortgages by dollar volume. Most of the nation's biggest banks with mortgage divisions are its customers. Its services cover virtually every stage of the mortgage lending process, from origination through default and foreclosure. Its shares are down 45% this year, and 50% over the past 12 months, giving it a market value of $1.4 billion. It has an average annual loss of 22% over the past three years.