NAMB TO OFFER FREDDIE MAC'S CREDITSMART® AND CREDITSMART® ESPAÑOL FINANCIAL LITERACY WORKSHOPS IN CALIFORNIA, FLORIDA AND TEXAS

Las Vegas, NV – Freddie Mac (NYSE: FRE) and the National Association of Mortgage Brokers (NAMB) today announced the launch of a new three-state pilot consumer credit education initiative using Freddie Mac's CreditSmart^® and CreditSmart^® Español financial literacy curricula. The pilot will be managed by NAMB affiliate state organizations in California, Florida and Texas. The pilots will be conducted on a limited basis, with the potential to expand the effort to more locations within the three initial states and potentially to other NAMB state affiliate organizations.

Freddie Mac's trademarked bilingual financial literacy curriculum CreditSmart and Spanish language equivalent CreditSmart Español, are national, community-based consumer credit education curricula that help prepare the English- and Spanish-speaking communities for the financial responsibilities of homeownership.

"The mortgage financing process is complicated and scary for most American consumers," said NAMB President Bob Armbruster. "NAMB has long advocated that educating consumers about the mortgage process is the best way to ensure that they don't fall prey to abusive lending tactics and NAMB has made such education a top priority. We are glad to be able to be part of this initiative that will help more Americans make wise decisions when looking to become homeowners."

NAMB represents thousands of mortgage professionals who provide homebuyers with mortgage products and services. NAMB members work and live in the communities they serve."

Jim Park, vice president of Industry Relations and Housing Outreach at Freddie Mac said, "We are proud to add the NAMB to the team of housing finance leaders and non-profit organizations working with us to lay the foundation for increased homeownership. Good, solid financial and credit information enables everyone to make better informed decisions and build wealth through homeownership.

"Enabling successful homeownership is at the core of our mission and is good for our business, families and communities," Park explained.

Studies have shown that barriers to homeownership include lack of credit, language, cultural differences, and lack of information about the home buying process. CreditSmart and CreditSmart Español address those barriers. In addition, Hispanics are the fastest growing minority in the United States and represent 31 percent of potential mortgage growth between 2000 and 2010. According to the U.S. Census Bureau, while 68 percent of the nation's families own their own homes, less than 48 percent of the nation's Hispanic families are homeowners.

CreditSmart and CreditSmart Español are designed to help increase consumers' financial literacy by providing life-long money management skills. It provides important information about credit and credit management, insight into how lenders assess credit histories, and how credit plays a profound role in achieving one's financial goals, like renting an apartment, buying a car or home, or getting a job.

CreditSmart and CreditSmart Español have helped more than 25,000 families across the nation learn how to prepare and achieve homeownership and greater financial strength.

The curriculum is usually taught in a six- to eight-hour workshop that trained instructors can tailor to meet the needs of the consumers. For instance, young people in college or just out of college have different concerns than older people. The bilingual curriculum also makes it easy for instructors to teach workshops with diverse Hispanic groups, including persons with limited or no English proficiency and new immigrants. The workshop materials include lessons for un-banked consumers on the importance of establishing a relationship with a banking institution, information on credit and homeownership, and text in both Spanish and English.

NAMB joins numerous other organizations that offer the CreditSmart and CreditSmart Español workshops including the National Urban League, National Association of Hispanic Real Estate Professionals, and the Hispanic Association of Colleges and Universities.

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than two million renters across America.

The National Association of Mortgage Brokers is the voice of the mortgage broker industry with more than 24,000 members in all 50 states and the District of Columbia. NAMB provides education, certification and governmental affairs representation for the mortgage broker industry, which originates two of every three residential loans in the United States.

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