Freddie
Mac and its partners are committed to providing American consumers with the tools
they need to become homeowners. One of the most effective ways to do that is to
provide educational opportunities. Some of our educational programs below can
help answer homeownership and related questions.
Buying and Owning a Home:
Freddie Mac brings the world's finest housing system to one in six homeowners
in America. We're proud of that number but believe we can do more.
CreditSmart®: The single most
effective way to prepare consumers for homeownership is to educate them
on the importance of using credit wisely. Establishing and maintaining
good credit is essential to building a sound financial future. CreditSmart
can help. It is being taught on college campuses, in church basements
and is available as a self-tutorial online in English at www.freddiemac.com/creditsmart
or in Spanish at www.freddiemac.com/creditsmartespanol
Prepayment Penalty Mortgages: What
are the pros and cons of a prepayment penalty mortgage? Is a PPM ever
a requirement? Everything a borrower needs to know about PPM but was
afraid to ask can be found here.
Promoting
Responsible Servicing Practices: Freddie Mac's mission is to
expand opportunities for homeownership to individuals and families in
America. We help people purchase homes they can afford and keep. Predatory
lending is in direct opposition to our mission, our goals and our practices.
Although we do not work directly with borrowers because we don't originate
loans, we protect borrowers from predatory lending practices by expecting
servicers of Freddie Mac-owned mortgages to employ fair lending and responsible
servicing practices.
Reporting
Mortgage Fraud: If you think someone has been a victim of mortgage
fraud and Freddie Mac owns the mortgage please let us know. A quick
call to our Fraud Hotline can make a difference. Call (800) 4 FRAUD 8
or (800) 437-2838.
