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Article: U.S. Rep. Mel Watt, Freddie Mac, the Urban League of Central Carolinas, and Bank of America Launch Program to Increase Minority Homeownership in Charlotte; Charlotte Launches CreditSmart(SM)/Homeownership Development Initiative; Freddie Mac to Purchase $10 Million in Mortgage Loans.
- Article from:
- PR Newswire
- Article date:
- July 1, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTE, N.C. -- Rep. Mel Watt (D-NC), Freddie Mac, the Urban League of Central Carolinas, and Bank of America announced today the CreditSmart(SM)/Homeownership Development Initiative -- a new city-wide consumer education and loan program that combines financial literacy workshops, homeownership counseling and flexible mortgage products in an effort to increase homeownership opportunities in Charlotte, particularly for minority families.
The Charlotte announcement comes on the heels of Freddie Mac's announcement that it was launching a comprehensive set of initiatives aimed at helping minority families overcome a variety of barriers to homeownership. The ...