AlphV/BlackCat claims credit for loanDepot cyberattack

Infamous ransomware gang AlphV/BlackCat claimed it was behind the January cyberattack at top 15 U.S. mortgage lender loanDepot.loanDepot, which originated about $17 billion in mortgages in the first three quarters of 2023, had reported that a cyberattack brought down the company’s systems earlier th
Read MoreFairway makes new reverse mortgage investments, rejoins NRMLA

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space.The first initiative is the decision to rejoin the National Reverse Mortgage Lenders Association (NRMLA), which the company left at the end
Read MoreRecord number of 65-year-olds will reshape the age milestone: WSJ

More Americans are reaching the milestone age of 65, and these people are redefining what 65 looks like in comparison to prior generations — with a raft of implications for American society. This is according to a recent story published by the The Wall Street Journal.“Today’s 65-year-olds are redefi
Read MoreReduce title, real estate and mortgage risk with a cyber response plan

In today’s rapidly changing technology landscape, businesses in the title insurance, mortgage and real estate industries must prioritize cybersecurity response planning and business continuity. The second in our “Reducing Risk” series, this month’s article provides practical strategies for safeguard
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