Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending.
Category: Mr. Cooper
Xome’s DIY platform lets investors sell homes without an agent
Homeowners can’t sell a primary residence through Xome’s seller portal without a listing agent, but can hire an agent on their own or ask Xome to match them with one.
Ransomware group claims it was behind loanDepot cyberattack
The FBI has developed a decryption tool to combat the ALPHV/Blackcat ransomware variant, and authorities are offering $15 million in rewards to stop the group.
Mr. Cooper remains shut down one week after cyberattack
Over 4 million mortgage customers have been unable to make their payments since the company announced it had been attacked on Oct. 31.
Audits find fault with help provided to FHA borrowers during pandemic
Loan servicer Mr. Cooper is ‘deeply disappointed’ that the HUD OIG audit focused on problems it says were mostly technical, rather than on borrower outcomes.