Hot off the press: LoanDepot’s ongoing cyberattack in Fintech Nexus Newsletter

TLDR: LoanDepot, a mortgage lender, continues to suffer from a cyber attack that has shut down critical systems. The attack has compromised the personal information of 16.6 million customers. Many customers were unable to process loan payments or start loan applications. The mortgage lending industry has already faced challenges in the past year with rising interest rates and declining loan activity.