Automation Products; Misc. Vendor News; Political News Impacting Rates


Posted To: Pipeline Press

I think that keeping my personal information and passwords on my yellow note pad is safer than putting it “in the cloud.” More than 24 million financial and banking documents related to mortgages and other consumer loans were leaked online due to a server security lapse . Lawyer-up! “Running an Elasticsearch database,” the server had more than a decade’s worth of data, including loan and mortgage agreements, repayment schedules and financial and tax documents . And while we’re talking about big numbers, here’s a headline for you: “Bear Stearns Funds Slap Reed Smith with $500 Million Malpractice Claim ” for bungling the chance to seek a major recovery in the wake of the subprime mortgage meltdown. Lender Products and Services Designed to…(read more)

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