LoanDepot hackers had access to Social Security numbers, DOBs
Hit by lawsuits, the lender is offering 24 months of free identity protection services and credit monitoring from Experian to 16.9M consumers affected by the January cyberattack
by Matt Carter Feb 27
Ransomware group claims it was behind loanDepot cyberattack
The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15M in rewards to stop the group
by Matt Carter Feb 21
Mr. Cooper now collects payments on $1T in mortgages amid big Q4
Investors pushed shares in the Dallas-based mortgage loan servicer to a new high on Friday as executives in a Q4 earnings call said they'll keep investing in technology that boosts efficiency
by Matt Carter Feb 12
Shares in Mr. Cooper at all-time high as servicing portfolio hits $1T
Moody's Investors Service upgrades credit rating of 'powerhouse in mortgage servicing' as it restructures some of the debt it's used to fund growth by issuing $1B in unsecured notes at 7.125%
by Matt Carter Jan 30
Title insurer First American and many subsidiaries remain offline
The Dec. 20 cybersecurity incident has derailed closings and generated complaints about the lack of communication since the company took some systems offline
by Matt Carter Dec 26
LoanCare says data breach affected 1.3M mortgage customers
Parent company Fidelity National Financial has not said whether its other subsidiaries were also affected in a cybersecurity incident the company says it discovered and contained in November
by Matt Carter Dec 26
Title insurer First American Financial is hackers' latest target
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
by Matt Carter Dec 21
Personal info of nearly 15M people exposed in Mr. Cooper data breach
Personal information in exposed files included names, addresses, phone numbers, Social Security numbers, dates of birth and bank account numbers, Mr. Cooper tells regulators
by Matt Carter Dec 19
Mr. Cooper: Hackers got personal info on past and present customers
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
by Matt Carter Dec 15
Mr. Cooper faces slew of class action lawsuits after cyberattack
The servicer is facing 5 separate federal lawsuits over an Oct. 31 cyberattack that knocked out services for days and prevented borrowers from accessing their accounts or paying home loans
by Jim Dalrymple II Nov 22
Mr. Cooper back online after 'precautionary' 4-day shutdown
More than 4M homeowners send their mortgage payments to Mr. Cooper, but it's unclear how many had their data exposed as the company continues to investigate security breach
by Matt Carter Nov 9
Mr. Cooper remains shut down one week after cyberattack
Over 4M mortgage customers have been unable to make their payments since the company announced it had been attacked on Oct. 31
by Ben Verde Nov 6
ACI paying another $20M to settle mortgage payments debacle
In settling with state regulators, the Miami-based electronic payment processor is looking to close the books on a 2021 test that triggered $2.3B in erroneous mortgage payments
by Matt Carter Oct 17
Mr. Cooper's share price soars with $1T servicing portfolio in sight
Thanks to its Home Point Capital acquisition and other pending transactions, the loan servicing giant delivered upbeat Q2 results Wednesday and expects to hit a $1 trillion target by year's end
by Matt Carter Jul 26
Test triggering $2.3B in mortgage payments leads to $25M fine
ACI Worldwide admits no wrongdoing in settling CFPB's first-ever enforcement action over handling of consumer data in the processing of mortgage payments
by Matt Carter Jun 27