Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. Mr. Cooper Group, loanDepot, First American and Fidelity National Financial Inc., parent of servicer LoanCare, have temporarily shut down

Rocket Companies, the parent of Rocket Mortgage, wasn’t immune to the headwinds the industry is facing as it reported a GAAP net loss of $390 million in 2023 and an adjusted net loss of $143 million. Yet the company still captured market share, a testament to how poor the mortgage business has been

Late last year, the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into Ginnie Mae’s monitoring of now-bankrupt lender Reverse Mortgage Funding (RMF), and its extinguishment from the Home Equity Conversion Mortgage (HEC

Delinquencies improved in January, highlighting the resiliency of U.S. mortgage holders.The national delinquency rate fell to 3.38% in January, down from 3.57% in December, according to the Intercontinental Exchange (ICE) First Look Mortgage Performance report. The rate remained flat on a year-over-