Mr. Cooper Posts Strong Second Quarter Earnings
The company announced concurrently its decision to purchase Flagstar Bank's servicing and TPO operations for $1.4B.
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Mr. Cooper To Buy Flagstar's Mortgage Servicing, TPO Platform
The MSRs and subservicing contracts to be purchased from Flagstar total roughly $356 billion in unpaid principal balance, and include "attractive refinance opportunities."
FHA Enacts New Cybersecurity Reporting Requirements
FHA mortgagees experiencing a potential or actual cyberattack must notify HUD within 12 hours.
May 29, 2024
Mr. Cooper Group Maintains Profitability Despite Cyberattack
Dallas-based mortgage company nears $1.1 trillion target in mortgage servicing rights.
Feb 12, 2024
Mortgage Executive Headed To Fintech Firm
Mr. Cooper Group's outgoing president and vice chairman Chris Marshall is heading to fintech firm.
Jan 23, 2024
Massive Data Breach Impacts Nearly 15 Million Mr. Cooper Customers
Mr. Cooper discloses cybersecurity incident after 14.7 million customers' data is compromised; lawsuits and identity-protection measures follow.
Dec 19, 2023
Mr. Cooper Cyberattack Fallout: $25 Million Cost, Identity Protection For 4.3 Million Customers
Mr. Cooper reveals the financial impact of its Halloween cyberattack, including expenses for vendor services and complimentary identity protection for all current and former customers.
Dec 18, 2023
In Recovery, Mixed Fortunes For Nation’s Largest Lenders
Earnings snapshot shows ongoing cuts, servicing stemmed the bleeding amidst higher rates.
Nov 30, 2023
Finance of America Fortifies Cybersecurity
Finance of America is partnering with Spera Security to mitigate identity security risks and safeguard sensitive data.
Nov 15, 2023
Mr. Cooper Group Faces Federal Class Action Lawsuits Following Cybersecurity Breach
Customers sue Dallas-based mortgage servicer alleging negligence in safeguarding personal data from cyberattack.
Nov 14, 2023