Industry NewsTechnology

Data breach could affect 2 million

Countrywide offering free credit monitoring

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Countywide Home Loans is offering two years of free credit monitoring to customers who may have had their personal information stolen in a security breach involving as many as 2 million or more borrowers. The FBI and U.S. Attorney's Office in Los Angeles last month announced the arrest of Rene L. Rebollo Jr., 36, a former senior financial analyst at Countrywide Home Loan's subprime mortgage division, Full Spectrum Lending, in Pasadena, Calif. Over the course of two years, Rebollo allegedly made up to $70,000 selling information to third parties including the names, addresses and Social Security numbers of Countrywide customers that he accessed from a company computer and downloaded onto portable flash drives. Rebollo pled not guilty Aug. 25. Citing court documents, the San Diego Union-Tribune reported that Rebollo told investigators he downloaded 20,000 customer profiles a week for two years, meaning the personal information of more than 2 million borrowers may have been co...