Conference of State Bank Supervisors: State Regulators Levy $20 Million Penalty on Nation's Largest Nonbank Mortgage Servicing Company
January 09, 2025
January 09, 2025
WASHINGTON, Jan. 9 -- The Conference of State Bank Supervisors issued the following news release:
Fifty-three state financial regulatory agencies have taken coordinated action against mortgage company Bayview Asset Management LLC and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings (collectively the Bayview Companies), for deficient cybersecurity practices and for not fully cooperating with state regulators following a data breach that . . .
Fifty-three state financial regulatory agencies have taken coordinated action against mortgage company Bayview Asset Management LLC and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings (collectively the Bayview Companies), for deficient cybersecurity practices and for not fully cooperating with state regulators following a data breach that . . .