The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter.

Northpoint's description of insider wrongdoing as cause for its November security leak is a rare admission of the type of cyberattack a mortgage firm has suffered.

The Arizona-based lender has been in business for 35 years and has branches in over 20 states.

She led two mortgage companies in a male dominated industry, and most recently was CEO of risk management firm Dytrix.

Kindred Home Loans will serve buyers of properties in Dallas and San Antonio markets.

The partnership will expand UHM reach to new markets in Florida, Michigan, Ohio, North Carolina and California.

The firm said it would still originate and service loans out of the office where the cost-cutting measures will occur.

Dicier credit conditions, recession fears and tougher regulatory scrutiny combined to weaken merger activity in 2022. A push for scale is bound to resume when interest rates level off — at least among smaller banks, analysts say.

In a new survey, executives at banks and credit unions registered the highest level of anxiety about a forthcoming data-collection rule in small-business lending.

The uptick in the 60-day-plus metric could reverse the bulk of the decline that occurred between 2019 and 2021.