Also: Freddie Mac accepts positive rental data, CFPB urges states to play hardball and report finds prices rise higher in disaster-prone areas

And in other consolidation news, HomeServices of America’s Pickford Escrow Co. picks up competitor Legendary Escrow Services.

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

Also, Xactus, iEmergent add to their C-suites, Planet Home grows its team and Longbridge Financial finds a chief operating officer.

The transaction adds 11 branches in Virginia, Florida, North Carolina and Texas to AnnieMac's nationwide 60-plus office network.

The lawsuit that takes aim at the lender’s leadership including CEO Aaron Samples was filed one day before a mass layoff and a week before its bankruptcy filing.

The declaration comes less than a week after the firm laid off 471 workers, or over 75% of its staff, because of significant operating losses and cash flow challenges.

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

The company blamed "unforeseen historical adverse market conditions" for the mass layoff and said an attempt to obtain funding ahead of the cut was unsuccessful.

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

The transaction formalizes the relationship started by a January investment in both companies by LLR Partners.

The two megabanks said that their capital requirements will rise in the wake of Federal Reserve stress tests, putting downward pressure on their distributions to shareholders. Meanwhile, Bank of America, Wells Fargo, Goldman Sachs and others announced plans to raise their dividends.

The company’s new head held the role of chief operating and growth officer before being elevated to the leadership positions on an interim basis earlier this year.

UpEquity reportedly saw its growth projections decimated by the cooling refinance market and terminated positions in anticipation of a tepid fundraising environment.

Industry leaders suggested they’ve "never felt so worried at a time when everything feels so good otherwise," said Chris Herbert, managing director of the Joint Center for Housing Studies of Harvard University.

JPMorgan Chase is laying off hundreds of home-lending employees and reassigning hundreds more this week as rapidly rising mortgage rates drive down demand in what had been a red-hot housing market.

As fewer mortgage borrowers remain impacted by the COVID-19 pandemic, the subservicer elected to reduce the capacity it added over the past two years.

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

Also, Notarize announces layoff, Lower reveals a cyberattack and M&A activity heats up.

The mortgage REIT announced its name change in conjunction with the internalization of management activities.