Guild Mortgage Subsidiary Settles Data Breach Class Action Lawsuit On July 8, 2026, Academy Mortgage Corp., a subsidiary of Guild Mortgage, reached a settlement to resolve a class action lawsuit stemming from a data breach. The agreement was filed in the U.S. District Court for the District of Utah, marking the conclusion of legal claims brought by affected individuals. The lawsuit centered on a security incident that exposed sensitive customer data, though specific details about the breach including its timing, scope, and the type of compromised information were not disclosed in the settlement notice. The case highlights ongoing concerns over data security in the financial services sector, particularly among mortgage lenders handling personal and financial records. The settlement resolves claims without admission of wrongdoing by Academy Mortgage, though its terms remain under court review. The resolution underscores the legal and financial risks companies face following data breaches, as well as the growing trend of class action litigation in response to such incidents. Further details on the settlement’s provisions, including potential compensation for affected parties, are expected to be finalized in the coming weeks.