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MCLEAN, Va. – Freddie Mac, in cooperation with various consumer and minority groups, has expanded its “Homeownership: Let the TRUTH Move You” campaign in Orlando, Fla. and Denver, Colo. In Orlando, Chase Home Finance and the Metropolitan Orlando Urban League joined in the launching on Aug. 20 that was held during the Homeownership Expo at New Destiny Christian Center in Apopka. Joining Freddie Mac at the launching in Denver, also on Aug. 20, was Chase Home Finance and the Colorado Housing Assistance Corp. Homeownership: Let the TRUTH Move You is designed to enable more African-Americans and Latinos to take steps toward homeownership by addressing the misconceptions about homeownership that Freddie Mac says are stopping many minority families from even considering buying a home. According to the U.S. Census Bureau, homeownership rates for African-American and Latino households are 25% lower than the rates for non-minority households. In Denver, the homeownership rate is 50.7% for Latinos, 44.8% for African-Americans, and 70% for non-minorities. In Orlando, the numbers are 52.2%, 53.7%, and 72%, respectively. The campaign provides straight-forward and up-to-date information about all aspects of homeownership, including related costs and credit history requirements through a series of one-hour educational classes in English and Spanish.

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