Blown Mortgage

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I wrote about the subject of sensitive personal data being mishandled by mortgage companies in a previous post.  Today, Housing Doom has the first of what I hope are many mainstream articles about the security of this data in the hands of bankrupt lenders.

Scarier yet is the prospect of thousands of little broker shops closing their doors and storing their files wherever it suits them until they can be destroyed after the 3 or 5 year legal window is up.  This could have huge consequences if this data falls in the wrong hands.  The potential for fraud is massive. There is so much of it out there just floating around in garages, storage sheds, attics, closets, and who-knows-where-else.

Last 3 posts by Morgan

• What We're Reading 1/4/09 - January 4th, 2009
• What We're Reading 1/3/09 - January 3rd, 2009
• What We're Reading 1/2/09 - January 2nd, 2009