Title insurer First American back online after cybersecurity incident

There are “some limits to functionality” as First American continues efforts to return to normal business operations following a cybersecurity breach that led the company to isolate some systems from the internet on Dec. 20. Continue reading

Mortgage rates are in free fall as economy continues to cool

While Fed policymakers had forecast three rate cuts next year, futures markets now see an 85 percent chance of at least six rate cuts after a key inflation metric shows the economy is cooling rapidly. Continue reading

MyHome expands menu of lender services with Volly acquisition

Volly’s customer relationship management, lead conversion and portfolio retention tools will be offered to lenders through WFG Enterprise Solutions. Continue reading

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. Continue reading

LoanCare says data breach affected 1.3M mortgage customers

Parent company Fidelity National Financial has not said whether other subsidiaries were affected in cybersecurity incident it discovered and contained in November. Continue reading

First American Financial warns clients to watch out for fake emails

Two days after being hit by a cyberattack, the title insurance giant says it’s still trying to restore operations and warns clients that it’s taken its email system offline. Continue reading

Loan subservicer Dovenmuehle Mortgage laying off 212 workers

Illinois-based Dovenmuehle Mortgage, which collects monthly payments from homeowners in all 50 states on behalf of lenders and investors, says it’s cutting HQ staff but not closing down. Continue reading

Developer accused of marketing in Spanish, closing in English

Colony Ridge, the developer of more than 40,000 lots northeast of Houston, says its clients have no opportunity to get a loan from anyone else and dismisses federal lawsuit as baseless. Continue reading

Title insurer First American Financial is hackers’ latest target

The nation’s second biggest title insurer issues terse statement saying it’s taken some systems offline. A ransomware group known as Blackcat, ALPHV or Noberus has infiltrated the computer networks of more than 1,000 victims. Continue reading

Ocrolus grows clientele with new capabilities and document types

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. Continue reading