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Data breaches

Plaza Home Mortgage facing class actions after data breach

Cyber attacks, Cyber security, Data breaches, Law and legal issues, Mortgage technology /

Following revelations last month of a data breach affecting both consumers and employees, Plaza Home Mortgage is already facing at least two potential class action lawsuits.  Processing Content Plaintiffs in two separate cases filed their claims in California Southern District court last week after the San Diego-based wholesale and correspondent lender initially sent out notices […]

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FBI: Real estate cyberfraud rises with more AI, crypto scams

Artificial Intelligence, Cryptocurrency, Cyber security, Data breaches, Fraud, Mortgages /

Losses from real estate cybercrimes soared last year as criminals utilized more artificial intelligence and cryptocurrency scams, the Federal Bureau of Investigation reported. Processing Content The industry’s cybercrime losses topped $275 million in 2025, a 59% increase from approximately $174 million in real estate-related losses in 2024, according to the bureau’s Internet Crime Complaint Center.

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Finance of America faces early data breach class action

Cyber security, Data breaches, Fraud, Law and legal issues /

A Finance of America customer has fired off a data breach class action lawsuit against the company for a hack that allegedly occurred two weeks ago. Processing Content Melanie Place filed the negligence complaint against the lender and servicer last week in a Texas federal court, based on a limited report of an incident. A

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Anywhere data breach affects 17,000 customers

Cyber security, Data breaches, Data security /

Anywhere Real State suffered a data breach in August that affected 17,429, the company notified impacted customers. Processing Content A notorious ransomware and extortion gang known as Clop gained access to the company’s Oracle E-Business Suite environment and viewed or copied sensitive customer data, according to a notice with the Office of the Maine Attorney

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SitusAMC faces consolidated class actions after data breach

Cyber security, Data breaches, Fraud, Law and legal issues /

SitusAMC is gearing up for a legal battle over the fallout of its data breach last fall, as eight class action complaints have been consolidated in federal court.  Processing Content The cases quickly piled up after the industry vendor revealed in November that it suffered a cybersecurity incident. The company has emphasized no encryption nor

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Union Home Mortgage says it paid ransom in data breach case

Cyber security, Data breaches, Fraud /

Union Home Mortgage says it paid a ransomware gang to delete sensitive data they stole in a cyberattack last year.  Processing Content The nonbank lender made the admission last month in federal court, part of a motion to dismiss a class action lawsuit from borrowers affected by the hack. The company also described how the

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Nations Direct agrees to settlement over 2023 data breach

Cyber attacks, Cyber security, Data breaches, Law and legal issues, Mortgage technology, Technology /

Wholesale lender Nations Direct Mortgage will settle a class action suit resulting from a 2023 cyberattack that led to the leak of personal data belonging to more than 83,000 consumers. The Henderson, Nevada-based business first began notifying victims and regulators in the months following a one-day cyber incident took place in late December 2023. Following

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Towne Mortgage hit with wave of data breach suits

Cyber security, Data breaches, Fraud, Law and legal issues /

Borrowers are slamming yet another mortgage lender with class action lawsuits after it revealed a data breach last month. Troy, Michigan-based Towne Mortgage did not say in a public notice how many of its customers were impacted in a June incident, in which a hacker may have copied data from its network. The attack compromised

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Judge rules Mr. Cooper data breach borrowers have standing

Cyber security, Data breaches, Industry News, Law and legal issues /

A Texas federal judge overseeing the data breach suit against Mr. Cooper refused to dismiss the case, as was previously requested by the mortgage servicer. In a recently published order, U.S. District Judge David Godbey, wrote that the court finds the plaintiffs have standing to bring some claims against Mr. Cooper, though others have been

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