Plaintiffs in two similar class action complaints accuse the companies of failing to protect their Social Security numbers and loan information.

SPS will have roughly 1.4 million mortgages in its portfolio after the transaction closes, something the two companies estimate will occur in the fourth quarter of this year.

Firms can take advantage of powerful tools from big technology companies but must be wary when sharing large amounts of data or ideas, experts said.

The fourth-largest U.S. bank by assets has commissioned an outside law firm to assess its diversity practices. Wells had previously resisted a shareholder proposal that would have authorized a similar review.

All-in-one platforms aim to take multiple tasks out of the hands of borrowers but having a narrow focus and creating strategic technology partnerships are the stronger options.

National real estate company Redfin is looking for a new tenant to take over the Frisco, Texas office space that housed its now-shuttered mortgage division.

As revenues are bottoming out for this group of depositories, some are totally retreating from residential real estate finance, the head of Citizens Financial Group said at a conference.

The businesses, like other victims of such incidents, have not identified the culprit nor type of attack.

Other mortgage firms are enduring a rough stretch, shedding hundreds of workers and exiting wholesale channels in recent weeks.

Bank of America is facing off in court with the bond insurer Ambac Financial Group in a $2.7 billion case that's one of its last legal hangovers from the subprime crisis.

It's the third mortgage lender to pull back its business in the last month, and joins the ranks of dozens of industry firms also laying off an untold number of employees.

Citigroup joined rivals in trimming the ranks of its mortgage workforce as rising interest rates continue to crimp demand in the housing market. 

Higher mortgage rates have led to a sharp slowdown in cash-out refinances. Second mortgages were up nearly 50% in the first five months of the year as homeowners looked for new ways to borrow against their equity.

The move comes amid a price war in the industry sparked by United Wholesale Mortgage.

Also, SWBC lands two new chief officers, Angel Oak ups its correspondent business team and Movement Mortgage taps industry vets for newly created roles.

The companies are the latest mortgage businesses to face class action complaints from consumers impacted by the cyberattacks.

The transaction to buy Roscoe State Bank is slated to close around Oct. 1, subject to completion of the remaining closing conditions.

The company stopped accepting loans last week and said its pipeline must close by the end of September.

BofA has launched two programs, one focused on increasing homeownership for Black and Hispanic Americans, and the other on small businesses owned by women and minorities that buy commercial real estate in federal opportunity zones.

The lender gave a $1.3 million mortgage refinance loan to a borrower based off overstated, fraudulent debt, prosecutors said.