The nation's 2nd biggest title insurer issues terse statement saying it's taken some systems offline. Ransomware group Blackcat has infiltrated more than 1,000 computer networks
AI document automation platform signs 100 new customers in 2023 and now supports more than 1,150 types of documents to serve a growing number of use cases, including mortgage
Demand for purchase loans has picked up in 5 of the last 7 weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts
Personal information in exposed files included names, addresses, phone numbers, Social Security numbers, dates of birth and bank account numbers, Mr. Cooper tells regulators
The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year
The loan servicing giant faces multiple lawsuits over recent cybersecurity breach and will provide 2 years of identity protection services and credit monitoring to all current and former customers
The parent company of Veritex Community Bank, which paid $54.9M to acquire a 49% interest in Thrive Mortgage in 2021, expects $25M to $30M loss if planned merger deal closes next year
Federal Reserve policymakers anticipate 3 rate cuts by the end of next year, but investors and some economists think the central bank may cut faster and harder, with relief by spring
Demand for purchase mortgages has picked up in 5 out of the past 6 weeks, and applications to refinance have roared back, jumping 27% from a year ago, MBA survey shows
Integration with Apple CarPlay 'merges the house hunt with the open road' and turns the commute 'into an exciting and natural part of the homebuying journey.' Unless you drive a Tesla
After months of beta testing, loanDepot's melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance
Employers added 199,000 workers to their payrolls in November, a sign that the economy may achieve a soft landing but making Fed spring rate cuts less likely
Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances
Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as 3 new reports released this week suggest the economy is, in fact, losing steam
CEO Mike Nolan says FNF has resumed normal operations, and that customer disruption from the cybersecurity incident was 'relatively brief' and included the Thanksgiving holiday weekend
PennyMac is putting a positive spin on the arbitrator's ruling, saying the decision allows it to continue to use the disputed loan servicing software 'free and clear of any restrictions'
The agent fee increases the flat-fee brokerage previously implemented for 2023 haven't stopped Fathom from growing, with Sept. 30 agent count up 13% from a year ago, to 11,333
Better is the first lender to take advantage of the opportunity to generate prequalification letters for homebuyers through integration with Lone Wolf's transaction management platform
Rates keep falling as fresh data pours in, with investors who fund most mortgages still convinced the Federal Reserve will begin lowering rates in the spring to avoid strangling the economy
The nation's largest title insurer won't say whether it was the target of a ransomware attack, sparking speculation that it paid a ransom to hackers exploiting Citrix Bleed software vulnerability
