New American Funding, LLC was the subject of a data breach notification filed with the OR Attorney General. The AG filing was recorded on July 28, 2025. The breach or discovery date reported in the filing is June 6, 2025.
Data Exposed
New American Funding, LLC was the subject of a data breach notification filed with the OR Attorney General. The AG filing was recorded on July 28, 2025. The breach or discovery date reported in the filing is June 6, 2025.
New American Funding, LLC operates as a prominent direct mortgage lender and financial services provider, originating residential home loans and managing mortgage portfolios for consumers across the United States. Because of the core nature of its operations, the company routinely collects, processes, and stores vast quantities of highly sensitive personal and financial data from prospective borrowers, active mortgage holders, and refinancing clients. This repository of information includes critical identifiers required for credit underwriting, property appraisal, debt-to-income analysis, and real estate closing processes, making the company a central node in the consumer financial ecosystem. In 2025, New American Funding, LLC formally reported a data security incident to the Oregon Attorney General, signaling that unauthorized actors may have breached its network infrastructure or digital environment. While the exact vector of the compromise can vary in incidents involving mortgage and financial institutions, breaches of this scale typically involve sophisticated cyberattacks such as unauthorized database access, ransomware deployment, or vulnerabilities exploited within third-party vendor platforms utilized for document management and loan processing. These events often highlight structural weaknesses in network monitoring, credential management, and data segregation protocols. Data breach notifications issued by financial and lending institutions typically reveal the exposure of highly sensitive consumer records, including full legal names, Social Security numbers, dates of birth, home addresses, financial account numbers, routing numbers, and comprehensive credit history or loan application details. The exposure of this specific combination of financial and personal data creates severe, long-term risks for affected individuals. Unlike transient information, Social Security numbers and core banking details cannot be easily changed, leaving victims perpetually vulnerable to targeted phishing campaigns, financial account takeover, fraudulent loan applications opened in their name, and devastating identity theft. As a financial institution handling consumer credit and banking information, New American Funding, LLC is subject to stringent federal and state regulatory frameworks, including the Gramm-Leach-Bliley Act (GLBA) and applicable state consumer protection laws. These legal standards mandate that financial entities implement rigorous administrative, technical, and physical safeguards to protect non-public personal information from unauthorized access and disclosure. The occurrence of a significant data breach suggests a potential failure to satisfy these statutory obligations, raising serious questions regarding whether the company maintained adequate encryption, multi-factor authentication, and continuous threat detection mechanisms. Receiving a data breach notification letter from New American Funding, LLC serves as official confirmation that your sensitive personal and financial records were compromised due to corporate security failures. Legally, this notification establishes the foundation for affected consumers to participate in class action litigation aimed at holding the company accountable for negligence and inadequate data protection. Under the law, victims do not need to prove that they have already suffered actual financial loss or identity theft to seek legal recourse and compensation for the increased risk and mitigation burdens placed upon them. Our firm evaluates these cases on a contingency fee basis, meaning you pay nothing out of pocket and owe no legal fees unless we successfully recover compensation on your behalf.
Based on the data types reported, affected individuals face:
Your SSN is the master key to your identity. Once exposed, criminals can open new lines of credit, take out loans, or file taxes in your name.
Combined with a name and other leaked data, date of birth helps criminals pass identity verification questions at banks and government agencies.
What the Oregon Consumer Information Protection Act and federal statutes entitle you to recover:
The hours spent responding to a data breach — canceling accounts, contacting credit bureaus, updating passwords, and investigating fraud — represent compensable economic harm in data breach litigation.
Once your SSN is exposed, protection becomes an ongoing expense. Plaintiffs in data breach settlements have recovered costs for credit freezes, identity protection subscriptions, and time spent dealing with fraudulent accounts — sometimes covering multiple years of exposure.
Fees charged to close and reopen accounts, issue replacement cards, or dispute fraudulent transactions are recoverable in data breach litigation. So are the costs of overdrafts, late payments, and credit damage caused by unauthorized activity.
Several state data breach laws provide for statutory minimum damages — fixed amounts recoverable per affected individual regardless of actual loss. These provisions exist specifically to make legal action viable for victims who have not yet experienced direct harm.
Note: an attorney general breach filing does not by itself establish a settlement fund, a payment amount, or a claim deadline. If an official settlement notice is later issued, rely on that notice for payment details and deadlines.
No. Under Oregon Consumer Information Protection Act and federal law, the unauthorized exposure of your personal data — regardless of whether it has been actively misused — can be sufficient grounds for a claim. The breach itself is the injury.
Nothing. The Law Office of David S. Harris handles data breach cases on contingency — you pay zero upfront and owe nothing unless compensation is recovered.
Immediately place a free credit freeze at all three bureaus (Equifax, Experian, TransUnion). A freeze blocks new accounts from being opened in your name. Then file a complaint with the FTC at IdentityTheft.gov and contact our office — SSN exposure is one of the most serious breach types.
Banks may reverse fraudulent charges, but they are not obligated to compensate you for time lost, stress, or indirect damages. A class action claim against the breached company can recover those additional categories of harm.
Statutes of limitations for data breach claims vary by state but typically run 2–4 years. Depending on when you learned of the breach, you may still have time. Contact our office for a free eligibility review — there is no cost to find out.
Accepting free credit monitoring from New American Funding, LLC does not waive your right to pursue legal action unless you signed a specific release waiving claims. In most cases, victims who accepted monitoring can still file.
Not necessarily. Many data breach victims are never notified directly. If your personal information was held by New American Funding, LLC during the relevant period, you may still qualify even without receiving a letter. A free eligibility review can confirm your status.
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