SOURCE: Freddie Mac

Freddie Mac

October 14, 2013 09:16 ET

Spanish Version of CreditSmart® Goes Online to Help More Families Prepare for Homeownership

Freddie Mac Celebrates Hispanic Heritage Month With Borrower, Financial Education

MCLEAN, VA--(Marketwired - Oct 14, 2013) - Freddie Mac (OTCQB: FMCC) today announced a Spanish version of CreditSmart®, a free on-line tutorial where families can learn to build savings, personal credit, make wise financial choices, and become successful homeowners. The new online tutorial is based on the online version of CreditSmart released in April 2013. Freddie Mac's CreditSmart is a multilingual financial education curriculum and has reached more than three million consumers in 44 states since its launch in 2001.

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

"Our online Spanish CreditSmart tutorial aims to break down barriers to homeownership by targeting language barriers to sound information about building savings, credit and the financial savvy to own a home.  Today's announcement celebrates Hispanic Heritage Month by giving families new ways to prepare themselves for homeownership and long-term financial stability."

News Facts:

  • The Spanish online version of CreditSmart offers aspiring homeowners separate modules on banking, budgeting household income, building personal savings and credit, understanding credit scores, avoiding credit traps, getting a mortgage, and closing a loan.
  • The Spanish CreditSmart on-line tutorial also includes modules tailored to help current homeowners avoid foreclosure, maintain their home and succeed as long-term homeowners.
  • To access the online CreditSmart tutorials in either Spanish or English, visit creditsmart/consumer_training.html
  • CreditSmart is a comprehensive, multilingual financial education curriculum developed by Freddie Mac, five historically black colleges and universities, non-profit organizations.
  • For more information about CreditSmart, 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.