Home Depot continues to investigate its massive credit card breach, which is shaping up to be bigger than Target’s breach back in December 2013. And the true financial costs of the breach have yet to be determined.
The company said that anyone who used a debit or credit card at its U.S. or Canadian stores since April may have had their data stolen. The company said that its investigation into the breach is still ongoing.
The report states that a massive batch of stolen credit and debit cards went on sale in the “cybercrime underground” on Tuesday morning and that multiple banks are reporting that they are seeing evidence that the stolen credit data may have come from Home Depot stores.
It was an eventful day for the housing finance market on Tuesday, with Rep. Mel Watt officially confirmed as the next leader of the FHFA. Not long after his confirmation became a likely conclusion, the HW 30 finished down.
A wide range of companies making the 2014 HW Fast50 suggests that — are you ready for this? — maybe things aren't as bad in the U.S. mortgage and housing markets as some breathless press might otherwise suggest. After all, our rankings this year include mortgage insurers, investors, loan servicers, technology specialists and dot-coms, home builders, real estate services companies, mortgage bankers and more..
Last October, HousingWire highlighted several correspondent lenders and gave a broad overview of where this division of mortgage finance was heading. We are happy to report that those lenders are still doing a robust set of business, although the road remains no less rocky. But as we said last year, at least there’s a road to begin with. Read More
As our business moves into a new era of low profitability, increased expenses, and intense regulatory scrutiny, virtually every mortgage executive needs to experiment with ways to increase productivity and CFPB compliance while reducing overall operating costs. Read More