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by CareyBot

Freddie Mac and VMP Mortgage Solutions are collaborating to develop bilingual state-specific security instruments, notes and other mortgage documents in English and Spanish, as well as bilingual consumer education brochures that address the mortgage process. The collection will begin with a primer on the importance of credit and flow into a series of bilingual brochures that explain the lending process. The educational materials will be based on content from Freddie Mac's CreditSmart Español consumer financial literacy curriculum. The materials will be provided by VMP Mortgage Solutions to lenders and by Freddie Mac to community organizations, and will address common misconceptions about banking and home ownership in the U.S., as well as help consumers better understand their rig...