Tag: mortgage industry
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C’mon, FICO! Another Fee Hike for 2026?
FICO is doubling its price for issuing a credit score — from $4.95 to $10. According to the Equifax credit data company, this hike will potentially raise credit report costs across the industry by $100 million. Now, mortgage lenders need to decide whether to eat the extra cost, or make mortgage applicants cover the added…
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The Hacks Keep Coming: Private Customer Data Exposed at Four Major Mortgage Companies
Remember that Halloween cyberattack on Mr. Cooper? Hackers got customers’ names and birth dates, Social Security numbers, addresses and phone numbers. They even got access to people’s banking details. Some customers — new and longtime — tried to log in and could not access their accounts. They could not make payments. Even worse, the breach…
