Freddie, NAMB Launch CreditSmart Pilots

Freddie Mac and the National Association of Mortgage Brokers have announced the launch of a three-state pilot consumer credit education campaign using Freddie's bilingual CreditSmart financial literacy curricula.The pilots will be managed by NAMB affiliates in California, Florida, and Texas. CreditSmart and CreditSmart Español are national, community-based curricula that help prepare English- and Spanish-speaking communities for the financial responsibilities of homeownership by teaching money management skills, Freddie Mac said. NAMB president Bob Armbruster said the association views credit education as the best way to ensure that consumers "don't fall prey to abusive lending tactics." Freddie Mac can be found online at http://www.freddiemac.com, and the NAMB can be found at http://www.namb.org.