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On October 31, 2023, Mr. Cooper was the subject of a cyber-attack which forced the company to suspend its online services for four days, from November 1 to November 5, 2023. [17] The company promised to ensure that customers will not be assessed late fees, penalties, or hits to their credit score due to the service outage. [18]
The company did not know if any data had been compromised in the breach but said customers would be notified and given identity protection services. Cyberattack forces loan servicer Mr. Cooper to ...
The company stated that the name change was meant to "personalize the mortgage experience". [6] In 2018 Nationstar and WMI Holdings Corporation (WMIH), the corporate successor to the defunct Washington Mutual, merged. As a result, Nationstar was delisted from the New York Stock Exchange and WMIH changed its name to Mr. Cooper Group. [7]
Homeowners across the U.S. are being targeted in a sophisticated scam in which callers pose as mortgage lenders to defraud people out of hundreds of thousands of dollars, the Federal ...
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 mortgage lender. [ 1 ]
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