Freddie Launches Bilingual Credit Ed

Freddie Mac has unveiled a bilingual credit education program aimed at teaching Hispanics how to manage money, use credit, and become homeowners.At a news conference in Washington, Freddie Mac chairman Leland Brendsel said CreditSmart Espanol is one of his company’s initiatives to increase minority homeownership. "This is an opportunity to work with organizations that know the Hispanic community," Mr. Brendsel said. "And I think this really is a quality program that will help make a difference." Freddie Mac is providing $2 million over two years to seven Hispanic groups, such as the Hispanic Association of Colleges and Universities, to bring CreditSmart Espanol into the classroom. "Credit Espanol is a resourceful bilingual tool that will empower Hispanics throughout the U.S. to take charge of their financial lives and build better futures for themselves and their families," said Rep. Silvestre Reyes, D-Texas, who chairs the Congressional Hispanic Caucus. Freddie Mac can be found online at http://www.freddiemac.com.