A recent mortgage data breach settlement is sending shockwaves across the U.S., with eligible Americans now able to claim up to $5,000 in compensation. The settlement, valued at $25 million, follows a large-scale breach that compromised sensitive data like Social Security numbers, banking information, and more.
And the best part? Many claimants need only a single document to qualify for compensation.
What Happened?
In early 2024, a major mortgage company experienced a cybersecurity breach, exposing the personal information of over 16 million individuals. The compromised data included:
- Full names
- Email and home addresses
- Social Security Numbers
- Bank account details
- Phone numbers
- Dates of birth
As a result of this massive leak, a $25 million class action settlement was reached to help affected consumers recover damages and protect their identity.
Who Can Claim the $5,000 Data Breach Payout?
If you received a notice letter indicating that your data was exposed during the breach, you may be eligible to:
- Claim cash payments for inconvenience and time lost
- Be reimbursed for verified out-of-pocket expenses related to fraud or identity theft (up to $5,000)
- Receive free credit monitoring and identity theft protection services
- Get additional compensation if you are a resident of certain states
One Document Can Secure Your Claim
To submit a claim for basic cash compensation, many only need the Notice ID and Confirmation Code found in the data breach notification letter. Those seeking reimbursement up to $5,000 will need to include documentation like:
- Bank or credit card statements
- Receipts for fraud-related expenses
- Identity theft service bills
- Police reports (if applicable)
Key Deadlines and Dates
Here are the important dates you need to know:
| Action | Deadline |
|---|---|
| File a claim | May 27, 2025 |
| Opt-out or object | April 27, 2025 |
| Final court approval hearing | August 18, 2025 |
How Much Will You Get in Data Breach?
There are multiple ways to benefit from the settlement:
1. Flat-Rate Cash Payment
Those without receipts or expenses can claim a flat amount, likely between $5 and $70, depending on the number of valid claims.
2. Out-of-Pocket Reimbursement (Up to $5,000)
If you had to spend money dealing with fraud or freezing credit reports, you can be reimbursed. Proof is required.
3. State-Based Add-Ons
Residents in certain states like California may be entitled to an extra payout, depending on the state laws and number of valid claims.
4. Credit Monitoring
Everyone filing a valid claim is eligible for two years of free identity protection services.
How to Submit Your Claim
You can file a claim online or by mail. You’ll choose how to receive your payment:
- Prepaid card
- PayPal
- Venmo
- Check by mail
Just ensure your claim is filed by May 27, 2025 to be eligible.
If you were affected by this mortgage data breach, now is your chance to claim your part of the $25 million settlement. Whether you’re seeking reimbursement for identity theft or simply want compensation for the stress, you could receive up to $5,000 — all with just one key document.
Act now, file your claim, and don’t miss the May 27, 2025 deadline — your payout could be just a few clicks away.
FAQs
Do I need proof of expenses to get money?
No. You can receive a flat-rate payment even if you didn’t have any out-of-pocket expenses. Just use your Notice ID to file.
How will I know if I’m eligible?
If you received a letter or email about the breach, or your data was affected between early January 2024, you’re eligible to file a claim.
When will payments be sent?
Payments will be issued after final court approval, which is scheduled for August 18, 2025. Most payments will follow in the weeks after.