Reverse mortgage borrower information breached in cyberattack

by Shannon Hicks
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| December 25, 2023

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EPISODE #806

Reverse mortgage borrower information breached in cyberattack

[Security Week]

On December 15th mortgage lending giant Mr. Cooper began notifying 14.7 individuals that their personal information was breached in a Cyberattack that took place between October 30 and November 1. Roughly 32,000 reverse mortgage borrowers had their bank account information compromised in the incident.

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Editor in Chief: HECMWorld.com

As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.

Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.

Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.