Loan servicer agrees to $20M fine over 2021 cybersecurity breach

Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8 million customers. Continue reading

Hints of more layoffs loom at Mr. Cooper as profits wane in Q3

While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio. Continue reading