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. Continue reading
Moody’s upgrades credit rating of “powerhouse in mortgage servicing” as it restructures the debt it uses to fund growth by issuing $1 billion in unsecured notes at 7.125 percent. Continue reading
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
Parent company Fidelity National Financial has not said whether other subsidiaries were affected in cybersecurity incident it discovered and contained in November. Continue reading
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
Personal information in exposed files included names, addresses, phone numbers, Social Security numbers, dates of birth, bank account numbers, Mr. Cooper said. Continue reading
Loan servicing giant Mr. Cooper, which is facing multiple lawsuits over a recent cybersecurity breach, will provide two years of identity protection services and credit monitoring to all current and former customers. Continue reading
The servicer is facing five 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. Continue reading
More than 4 million homeowners send their mortgage payments to Mr. Cooper, but it’s unclear how many had their data exposed as the company continues to investigate a breach discovered on Halloween. Continue reading
Over 4 million mortgage customers have been unable to make their payments since the company announced it had been attacked on Oct. 31. Continue reading