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

The application process was regarded more positively, which suggests originators have been successful at improving in this area.

The government mortgage-bond insurer's technology initiative has made "huge strides" since June, when it relaunched with new flexibilities, President Alanna McCargo said.

The company, which provides "buy before you sell" and cash offer financing, cited a challenging real estate market and grim venture-capital outlook.

Cybersecurity expenses and threats

Traditional metrics provide limited insight as to whether a portfolio is on its way to reperformance, so instead of tracking things like calls per employee, measure the number of homeowners helped.

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

To meet the growing demand, banks are faced with a choice of hiring, reskilling or outsourcing.

Morgan will now convert a pre-approved property-specific loan to a property agnostic tradable non-fungible token backed by real dollars and guaranteed by the lender.

Amid a $391.8 million impairment related to Title365, the fintech laid off 220 workers in August, bringing its total layoffs to 25% of its payroll since April, executives said.

Payment for the whole loan and servicing-rights trading platform will be a mix of cash and stock, with the price and closing of the deal subject to certain contingencies.

The Consumer Financial Protection Bureau said a company doesn't need to experience a data breach for the agency to consider taking action.

Truework, whose clientele includes several influential mortgage players, facilitates employment checks and aims to make gig-economy data accessible.

The new leaders named at the company highlight what appears to be some heavy recruiting from the ranks of executives who previously worked for a government-sponsored enterprise or a GSE joint venture.

About 64% of borrowers would like loans to be closed in three weeks, according to Arizent research.

The San Francisco-based company recently raised $14 million in Series A funding and closed more than $400 million in sales in the first quarter.

NMN rounds up the latest technology launches and partnerships between fintechs and lenders.

While declining to comment on the pending Black Knight transaction and reporting a decline in earnings from the first quarter, management remains bullish on the home lending business.

The commission alleged that the company falsely told customers that they would make more money by selling to the company than it would on the open market.

The deal also includes the Homefacts website