A data breach in 2022 costs companies $4.35 million on average, an all-time high according to IBM research.

Borrowers condemned the company's disclosures, which came six months after the incident and omitted details about the hack and subsequent investigation.

The federal class action lawsuit is at least the third similar action within the industry over a cyberattack revelation.

The newly revealed victims were affected by the previously disclosed cyberattack, which went undetected for 41 days between September and December.

The new product is an extension of its FraudGuard offering for the first lien mortgage market.

The data breach, which occurred over a two-day period last December, is the largest disclosure by a mortgage lender this year.

The Minnesota woman altered documents and failed to file documents as promised in cheating multiple investors between 2018 and 2020.

In response to a raft of recent data breaches, mortgage lenders are implementing a number of measures to protect their clients and themselves.

The rate was 30 basis points higher compared with 2019 due to the record level of mortgage origination during the pandemic, according to Aces Quality Management.

The incident at the mortgage fintech occurred late last year as a spate of attacks rocked other housing lenders.

A Salem, Massachusetts, man was found guilty by a federal jury in Boston of a scheme that led to more than $3.8 million in losses to lenders, the U.S. Attorney's Office announced.

Pingora Loan Servicing still hasn’t disclosed the full scope of last fall’s hack impacting at least 169,000 customers across four states.

While particularly high rates of lending have cushioned mortgage companies and banks from the impact in the past, higher rates and thin margins have made efficiency more pressing.

Increased cybersecurity spending puts an extraordinary squeeze on smaller firms that struggle to maintain revenues amid the origination slowdown.

Depository originators lose 68 cents per $1 more than their nondepository competitors.

The new capital will be used for hiring and technology development as well as sales and marketing.

Cybercriminals can leverage the workflow of the digital firms against them by tossing a plethora of stolen credentials at an online loan application until they secure approvals, according to one expert.

Fraud experts are concerned that credit washing, in which borrowers make false claims about being victims of identity theft, is making its way into mortgages from other forms of lending.

Although no attacks have been tied to the country so far, professionals say the industry already beset by heightened fraud risk is a ripe target.