MAC FOR EDUCATION MAC
“This survey data also reveals that while members of Gen Z clearly aspire to homeownership, an education program like CreditSmart Homebuyer U is needed and can make a positive impact not only on today’s aspiring homeowners, but on future generations as well,” added Gardner.ĬreditSmart Homebuyer U satisfies education requirements for Freddie Mac HomeOne SM or Home Possible ® mortgage loans and aligns with the National Industry Standards on Homeownership Counseling and Education (pre-purchase content).įor background information about CreditSmart Homebuyer U, please visit. CreditSmart Homebuyer U is the latest addition to the CreditSmart “suite” of financial and homeownership education curricula that have been in place for the last 18 years.Īccording to a recent Freddie Mac survey of the Generation Z (Gen Z) cohort (ages 14-23), respondents reported that while they have received financial education at home and are at least somewhat confident in their future financial well-being, 65% of Gen Z respondents report they are not confident in their knowledge of the mortgage process. “The goal of this exceptional program is to empower those who are pursuing the dream of homeownership with knowledge to make informed, responsible decisions.”įreddie Mac stresses the importance of education in supporting financial capability skills among consumers in order to help them prepare for homeownership. “Becoming a homeowner is an important responsibility and Freddie Mac is committed to providing the tools and resources to ensure a successful path toward sustainable homeownership,” said Danny Gardner, Senior Vice President, Single-Family Affordable Lending and Access to Credit at Freddie Mac.
CreditSmart Homebuyer U offers six educational modules, each focused on a key learning principle relating to money management, credit, getting a mortgage, the homebuying process and preserving homeownership. This course is a free, online resource for consumers who want to learn about home purchase and the homeownership process.
06, 2020 (GLOBE NEWSWIRE) - Freddie Mac (OTCQB: FMCC) announced it has launched a new, comprehensive homeownership education course called CreditSmart ® Homebuyer U.
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