Posted On February 27, 2025 Personal Injury
February 27 – The Freddie Mac data breach lawyers at Console & Associates, P.C are investigating the data breach that was reported after the company was targeted in a recent cyber security attack. The Freddie Mac data breach resulted in the unauthorized access to names and Social Security numbers of certain individuals being compromised. The total number of affected individuals has not yet been publicly disclosed.
According to the Massachusetts Attorney General’s Office filing, Freddie Mac reported a data breach after they were targeted in a recent cyber security attack. While details about the specific nature of the breach remain limited at this time, the company has confirmed that an unauthorized party gained access to files and folders containing confidential consumer information that had been provided to Freddie Mac.
The information disclosed in the breach varies by individual but includes sensitive personal data such as names and Social Security numbers. Neither Freddie Mac’s filing with the Massachusetts Attorney General nor any public statements provide comprehensive details about how the breach occurred or how many individuals may have been affected.
On February 19, 2025, Freddie Mac sent out data breach letters to those individuals whose information was affected by the breach. These notifications should provide recipients with specific details about what personal information of theirs was compromised in the incident.
Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is a government-sponsored enterprise (GSE) that plays a critical role in the U.S. housing finance system. Established by Congress in 1970 and headquartered in McLean, Virginia, Freddie Mac operates in the secondary mortgage market where it purchases mortgages from lenders, packages them into securities, and sells them to investors.
This process provides liquidity to mortgage lenders, enabling them to issue more loans to homebuyers. Freddie Mac’s primary function is to provide stability and affordability to the housing market, particularly by making mortgage financing available to middle-income Americans. Following the 2008 financial crisis, Freddie Mac has been under conservatorship of the Federal Housing Finance Agency (FHFA).
The organization employs approximately 8,500 people and generates an estimated $22.2 billion in annual revenue. Freddie Mac’s operations impact millions of American homeowners and renters through its mortgage purchasing activities, securitization processes, and various housing initiatives across the country.
Our data breach lawyers are eager to speak to victims of the Freddie Mac data breach to determine what damages they sustained and what compensation may be available to them. If you recently received a NOTICE OF DATA BREACH from Freddie Mac and would like a free consultation, contact the Console & Associates, P.C. law firm at (866) 778-5500 to discuss your legal options, or submit a confidential contact form.
