A recent hack at a mortgage lender is showing how cybercriminals are interested in a company’s vendor data and trade secrets in addition to sensitive customer information. Processing Content The ransomware gang known as Interlock claims it seized over 2 terabytes of data earlier this month from NFM Lending, according to reports by cybersecurity blogs. […]
Ransomware gang claims big hack at NFM Lending Read More »
A recent X post by Federal Housing Finance Agency Director Bill Pulte indicating the government-sponsored enterprises are stepping up their mortgage-backed securities purchases has drawn support from one industry trade group, which is now specifically calling on Freddie Mac to step up its purchases. Processing Content In a letter to both Pulte and Treasury Secretary
Freddie must join MBS buying to ease 7% rates: CHLA Read More »
A federal lawsuit filed last week in North Carolina accuses a popular home equity investment (HEI) company of trapping homeowners in predatory mortgages. The complaint states that Unison’s agreements are “high-cost, nonrecourse mortgage loans” dressed up in “confusing” contracts to dodge state lending laws. It further alleges that Unison “systematically misrepresents how the product works,
Unison faces class-action lawsuit in North Carolina Read More »