The Consumer Financial Protection Bureau (CFPB) imposed a $12 million penalty on Bank of America (BofA) for violating federal laws by submitting false mortgage lending information for about four years, it announced on Monday. A top-20 U.S. mortgage lender, Charlotte-based BofA had $229 billion in ou

Infamous ransomware gang AlphV/BlackCat appears to be behind last Tuesday’s cybersecurity attack at Big Four title firm Fidelity National Financial.In an online post on Wednesday, the ransomware gang claimed credit for the attack and wrote that Fidelity was “ruined” for hiring incident responders, a

Nonbank mortgage companies increased their profitability as a group in the third quarter of 2023, compared to the previous quarter, due to the performance of their servicing and origination businesses. It’s good news in the current shrinking market. Analysts at the credit rating firm Moody’s Investo

Proptech solutions provider Ascent Software Group (ASG) has acquired property data collection platform Value Acceptance. Through the acquisition, ASG hopes to modernize the appraisal industry by providing innovative valuation products and solutions and complete new property data reports required by