Technology

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.