Freddie Mac
Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders. By supplying lenders with the money to make single or multi-family mortgages by securitizing or investing in those mortgages, Freddie Mac sustains a stable mortgage credit system and reduces the mortgage rates paid by homebuyers.
Over the years, Freddie Mac has financed housing for over 50 million families -- that's one in six homebuyers and more than four million renters. Freddie Mac is dedicated to improving the quality of life by making the American dream of decent, accessible housing a reality. Freddie Mac's website at http://www.freddiemac.com or http://www.freddiemac.com/news/pdf/fm_ataglance.pdf provides helpful information about the company to prospective homebuyers as well as to existing homeowners.
Freddie Mac, in collaboration with a number of multicultural groups, developed CreditSmart®, a multilingual financial education curriculum and consumer outreach initiative. It is often delivered in workshops conducted by nonprofits, housing counselors, churches, and community-based organizations. It is designed to help consumers build and maintain better credit, make sound financial decisions, and understand the steps to successful homeownership.
CreditSmart is available in English, Spanish (CreditSmart Español), and Chinese, Korean, and Vietnamese (CreditSmart Asian). More information can be found at www.freddiemac.com/creditsmart
Kirsten T. Johnson-Obey
Sr. Director, Congressional Relations
Freddie Mac
401 9th Street, NW #600 South
Washington, DC 20004
Phone: 202-434-8613
Fax: 202-434-8627
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www.freddiemac.com/creditsmart
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Jump$tart Coalition for Personal Financial Literacy |
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