Freddie Mac Data Breach Class Action

At Console & Associates, our data breach lawyers are closely examining the recent Freddie Mac data breach. This data breach was disclosed following a cyber security incident at Freddie Mac, which may have affected numerous individuals, potentially exposing sensitive personal identifiable information.

What Happened?

A recent report from the Massachusetts Attorney General's Office states that the Freddie Mac data breach occurred due to a cyber security incident. Details surrounding the specific nature of the attack remain limited, as Freddie Mac has not issued a press release or posted a website notice discussing the incident.

What is known is that Freddie Mac discovered a potential data security incident and subsequently launched an investigation. This investigation confirmed that an unauthorized party had gained access to files and folders containing confidential consumer information that had been provided to the company.

The compromised data includes highly sensitive personal information such as names and Social Security numbers. Data breach letters were sent out by Freddie Mac on February 19, 2025, informing affected individuals about the nature of the incident and detailing which specific pieces of their personal information were compromised in the breach.

Steps To Take If You Were Affected By A Data Breach

1. Monitor all accounts and credit reports closely
   1. Set up alerts for suspicious activity
   2. Review all financial statements thoroughly
   3. Request free credit reports and examine them for unauthorized entries
      
      
2. Consider freezing your credit
   1. Contact all three major credit bureaus to place a freeze
   2. Understand this prevents new accounts from being opened in your name
   3. Remember to temporarily lift the freeze when applying for legitimate credit
      
      
3. Look out for phishing attempts using information from the Freddie Mac data breach
   1. Be wary of unexpected emails or messages claiming to be from Freddie Mac
   2. Don't click on suspicious links or download unexpected attachments
   3. Verify all communications through official channels
      
      
4. Change passwords for affected accounts
   1. Create strong, unique passwords for each account
   2. Use a combination of letters, numbers, and special characters
   3. Consider using a password manager for better security
      
      
5. Enable two-factor authentication where possible
   1. Add this extra layer of security to all important accounts
   2. Use authenticator apps rather than SMS when available
   3. Keep backup codes in a secure location

For more detailed guidance, explore our “Guide for Victims of a Data Breach” to better understand measures you can take to protect yourself after a data breach.

Freddie Mac Overview

Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is a government-sponsored enterprise (GSE) established by Congress in 1970. Headquartered in McLean, Virginia, the organization functions as a key participant in the U.S. housing finance system.

Freddie Mac's primary role is operating in the secondary mortgage market where it purchases residential mortgages from primary lenders such as banks, credit unions, and other financial institutions. After acquiring these mortgages, Freddie Mac packages them into mortgage-backed securities which are then sold to investors in the global capital markets.

The organization employs approximately 8,500 people and generates an estimated $22.2 billion in annual revenue. Freddie Mac's operations impact millions of homeowners and renters across the United States through its mortgage purchasing activities and various housing initiatives. The company's business model and regulatory framework make it a significant institution in the American financial system and housing market.

Freddie Mac Data Breach Victims Have Rights - Don’t Wait to Act

How do you know that you were affected by the Freddie Mac data breach? Usually victims receive a NOTICE OF DATA BREACH in the mail, but the impact of a breach can be felt long before notices are sent to those affected. This can be in the form of fraudulent financial activity and other forms of identity theft.

If you believe you were affected, we encourage you to reach out to our data breach law firm for legal assistance through a no-cost consultation about your situation. We will review your eligibility to file a data breach class action lawsuit and discuss your legal rights and any compensation that may be available to you.

Complete our confidential contact form below and a member of our legal team will be in touch.