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Flagstar Bank says hack impacted 1 5 million customers

8 cybersecurity developments in the mortgage industry

In response to a raft of recent data breaches, mortgage lenders are implementing a number of measures to protect their clients and themselves.

Lower reveals data breach impacting 86,000 customers

The servicing data breach that s spawned 12 lawsuits so far

This episode looks at the data breach at Lakeview Loan Servicing and the following lawsuits as well as the rise of alternative loan products.

Lakeview Loan Servicing Faces Multiple Lawsuits Over Data Breach

Florida-based Lakeview Loan Servicing LLC, the fourth largest loan-servicing company in the nation, is facing at least two proposed class action lawsuits as a result of a late-2021 data breach that reportedly affected more than 2.5 million consumers.  At least a dozen civil lawsuits have been filed against the company, all seeking class-action status. These lawsuits have been consolidated in federal court in Florida, although one South Carolina case is still pending separately.

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