Posted To: Pipeline Press

Worried about your privacy? You should be. Illinois’ Lemonade, an AI-enabled provider of homeowners and renters insurance, was hit with a privacy class action Friday over its alleged collection and use of biometric data: allegedly biometric data, including retina scans, voiceprints and face scans from customers who are required to upload videos during the claim submission process, was kept and stored. Information is worth money! You can bet investors in the mortgages we produce want to know a lot about them, whether they are Agency or non-Agency MBS, and scores of data fields are collected and bid on for each loan. Following on that theme, and proof that originators and all shapes and sizes will find outlets for their production, private label securitizations hit $42 billion in the second…(read more)

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Source: Mortgage News Daily