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loanDepot Pulls Systems Offline Amid Cyber Incident

January 8, 2024
Brandon Ivey
loanDepot's servicing customers faced difficulties making mortgage payments over the weekend...
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First American Recovering From Cyber Incident

January 2, 2024
Brandon Ivey
First American stressed that all funds associated with the company were secure.
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First American Stalls Amid Cybersecurity Incident

December 22, 2023
Brandon Ivey
“These attacks are prevalent, continue to increase in frequency and sophistication, and are increasingly difficult to detect,” First American cautioned in a recent filing with the Securities and Exchange Commission.
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Mr. Cooper Says Cyber Attack More Costly Than Originally Thought

December 18, 2023
Paul Muolo
Among residential loan processors, Mr. Cooper ranks sixth in terms of MSR ownership with $528 billion...
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Ginnie Faces Hurdles as SVP Cooper-Jones Retires

December 15, 2023
Monica Hogan
Finding someone to fill the position of senior vice president for the Office of Enterprise Data and Technology Solutions at Ginnie could be difficult given pay restrictions at the government agency.
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Lenders See Benefits From Amazon’s Cloud Tech

December 14, 2023
James Dohnert
Fannie Mae, JPMorgan Chase and PennyMac are among the financial institutions that use AWS to perform tasks within a digital cloud computing environment.
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Short Takes: Refi Applications Jump / Flood-Zone Awareness / loanDepot Automates Underwriting / Arlington Asset Investment Merger

December 13, 2023
Brandon Ivey
Refi applications increased by nearly 20% in a week as interest rates declined.
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Mixed Outcome in Dispute Between Black Knight, PennyMac

December 5, 2023
Brandon Ivey
An arbitrator issued an interim award of $155.2 million for Black Knight.
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Short Takes: MI Exempt From SEC Rule / BofA Providing Financing to Rocket / Blend Scales Back Financing / Climate Risk and Inequality

November 28, 2023
Brandon Ivey and Paul Muolo
Mortgage insurance linked notes will be exempt from a rule the SEC issued Monday on conflicts of interest in securitizations.
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Fidelity the Latest Mortgage Player to be Hit With a Cyber Attack

November 22, 2023
Paul Muolo
In late October, mortgage lender/servicer Mr. Cooper disclosed it was the subject of a cybersecurity breach...
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