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In December, Mr. Cooper said thieves had gained access to information about 14.7 million borrowers. Then, in January, LoanDepot disclosed a hack involving 16.6 million customers.
Mr. Cooper Group Inc., formerly Nationstar Mortgage Holdings Inc., was founded in 1994 and is headquartered in the Dallas, Texas, area. Mr. Cooper Group is an umbrella corporation holding companies like Nationstar Mortgages, LLC, one of the largest mortgage servicers in the United States with a servicing portfolio of approximately $937 billion and more than 4.3 million customers, [1] and Xome ...
Mr. Cooper, a popular mortgage lender in the U.S., said it suffered a cyberattack on Oct. 31 that forced it to lock down its systems, preventing customers from paying their mortgages or loans for ...
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Mortgage servicer. A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original ...
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The mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and encourage home ownership. These programs include the Government National Mortgage Association (known as Ginnie Mae), the Federal National Mortgage ...