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July 2007
In This Issue...
What's New Mortgage Products Sell and Deliver Loans Training and Education

Homeownership preservation starts with consumer education

For many families, a home is their largest single financial investment and their greatest source of wealth. One way to actively address the challenges to homeownership is better preparing homeowners through Freddie Mac's CreditSmart®, a multilingual financial education curriculum and consumer outreach initiative designed to help potential borrowers build and maintain better credit, make sound financial decisions, and understand the steps to successful long-term homeownership.

CreditSmart's newest module – Preserving Homeownership

With the latest additions and improvements to the curriculum and its supporting materials, CreditSmart is now more comprehensive than ever before. The newest curriculum module, “Preserving Homeownership: Protecting Your Home Investment,” contains a wealth of information for your borrowers, including:

  • Understanding home equity
  • Maintaining and improving your home
  • Preparing for emergencies
  • Recognizing scams
  • Alternatives to foreclosure

Your borrowers can gain a greater understanding of the responsibilities of caring for their homes, the importance of maintaining their credit, and the steps to take if they ever have difficulty meeting their financial obligations.

CreditSmart has something for everyone

CreditSmart is offered in a variety of languages and is always presented in a way that is culturally relevant. CreditSmart, CreditSmart Español, and CreditSmart Asian (available in Chinese, Korean, and Vietnamese) were each developed with great care and participation from multicultural groups who helped direct not only the substance and presentation approach, but also the layout and style of related materials. The result is a product of wide appeal and great value.

Create more opportunities for potential homeowners with CreditSmart

Recognizing that consumers seek information and assistance from lenders, community-based organizations, and other housing professionals, Freddie Mac developed CreditSmart as a tool to support the efforts of organizations that share our goal of creating better-equipped homeowners. CreditSmart has grown tremendously in reach and brand recognition since its inception in 2001. To date, more than a million consumers nationwide have been exposed to the CreditSmart curriculum.

For more information


© 2008 Freddie Mac