“What is Forrest Gump’s password? 1forrest1.” Cybersecurity is no laughing matter (nor perhaps was that opener), and here in Park City, at the annual mortgage ski trip , some of the banter is social, and some is focused on business. On the business side of things, one topic is the nearly 1 million people impacted by hackers attacking Figure Technology Solutions , a blockchain-focused fintech lender. U.S. financial institutions are increasing cybersecurity vigilance amid the e
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Chairman Powell and the Fed, tame inflation! But can you? Since the pandemic began, grocery prices have gone up about 30 percent. You can blame a slew of factors, including supply chain disruptions and tariffs. Egg prices spiked last year due to bird flu but fortunately have come down. 90 percent of U.S. bananas come from out of the country, and prices are up 7 percent over the last year due to tariffs. Coffee prices are up nearly 20 percent due to droughts in Brazil and V
Can’t you feel the anticipation building? March 5 th … Trigger leads… Don’t tell me that you’ve forgotten all about it. When a borrower applies for a mortgage and their credit is pulled, that data has historically been sold as a “trigger lead” and dozens of calls are received. Starting March 5, according to the law, credit bureaus can no longer sell trigger leads, the borrower’s lender can still contact them, and the current servicer may also reach out. Originators are remind
