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Freddie Mac CreditSmart(R) Online Tutorial Helps Prepare Future Borrowers for Homeownership

Apr 15 2013 12:00AM

Marketwire

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MCLEAN VA -- (Marketwired) -- 04/15/13 -- Freddie Mac (OTCQB: FMCC) today announced a free, online CreditSmart® tutorial to provide working families and new or inexperienced borrowers with basic sound information about building savings, personal credit, and making wise financial choices. CreditSmart is a comprehensive, multilingual financial education curriculum that has reached more than three million consumers in 44 states through lenders, churches, schools and non-profit organizations.

News Quote:
Attribute to Christina Diaz Malone, Freddie Mac Vice President of Corporate Relations and Housing Outreach:

"Our new online CreditSmart tutorial is a stepping stone to homeownership, especially for working families who are unsure how to start household budgets or build the personal savings and strong credit for the future. Today's announcement underscores Freddie Mac's commitment to help America's next generation of borrowers achieve long-term financial stability."

News Facts:

•For future borrowers, the online CreditSmart tutorial includes individual modules on banking, budgeting household income, building personal savings and credit, understanding credit scores, avoiding credit traps, getting a mortgage, and closing a loan. •For current homeowners, the online CreditSmart tutorial includes modules tailored to help them avoid foreclosure, maintain their home and succeed as long-term homeowners. •To access the new CreditSmart online tutorial visit www.freddiemac.com/creditsmart/consumer_training.html •Freddie Mac developed CreditSmart with five historically black colleges and universities in 2001 to provide a comprehensive, multilingual financial education curriculum. •For more information about CreditSmart, CreditSmart Español, or CreditSmart Asian visit www.FreddieMac.com/creditsmart.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter: @FreddieMac.

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CONTACT:
BRAD GERMAN
703-903-2645
Brad_German@freddiemac.com






Source: Marketwire


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