Data connected to your loan might be included, though the article doesn't say how many people are affected:
> “If you go down the top 20 banks, if you make commercial real estate and residential loans, you probably have a relationship with Situs,” said Jon Winick, the chief executive of Clark Street Capital
And notice that the data is market-moving - someone could make a lot of money by trading on this information.
> Among the services SitusAMC offers is regulatory compliance — the boring but essential work of making sure its customers’ loans comply with a plethora of state and federal regulations.
> That means it has extensive nonpublic information on the banks’ internal workings. For instance, it could have information on the risks in lenders’ real estate holdings, said Jason E. Kuwayama, a lawyer who specializes in regulatory issues for banks.
Data connected to your loan might be included, though the article doesn't say how many people are affected:
> “If you go down the top 20 banks, if you make commercial real estate and residential loans, you probably have a relationship with Situs,” said Jon Winick, the chief executive of Clark Street Capital
And notice that the data is market-moving - someone could make a lot of money by trading on this information.
> Among the services SitusAMC offers is regulatory compliance — the boring but essential work of making sure its customers’ loans comply with a plethora of state and federal regulations.
> That means it has extensive nonpublic information on the banks’ internal workings. For instance, it could have information on the risks in lenders’ real estate holdings, said Jason E. Kuwayama, a lawyer who specializes in regulatory issues for banks.