Freddie, R&G Launch Puerto Rican Initiative

Freddie Mac and R&G Financial, a Puerto Rico-based financial holding company, have launched CreditSmart Espanol, an credit education initiative designed to educate Puerto Rican families about homeownership.The campaign aims to teach a wide range of consumer credit and money management skills and to promote good financial habits, such as saving for college education. It consists of 11 modules that cover topics such as: becoming a homeowner; thinking like a lender; establishing and maintaining good credit; banking services; and goal setting. Freddie Mac said the initiative is another effort by the company to help increase homeownership rates among Hispanics. Freddie can be found online at http://www.freddiemac.com.