Bayview Asset Management and three subsidiaries have agreed to pay a $20 million fine and implement a corrective plan following a 2021 data breach that affected 5.8 million customers.

The settlement, announced Wednesday by the Conference of State Bank Supervisors, involves 53 state financial regulatory agencies. It includes Bayview and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing and Pingora Holdings.

Lakeview was the third-largest U.S. mortgage servicer as of September 2024, with an owned portfolio of $728 billion, per Inside Mortgage Finance.

State regulators mentioned that details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com