WEALTHASSESSMENT ACCEPTS PRESIDENT BUSH'S CALL FOR THE EXPANSION OF EXPANDED FINANCIAL LITERACY TO PROMOTE THE AMERICAN DREAM : HOME OWNERSHIP AND PERSONAL FINANCIAL SUCCESS
by Anonymous

WEALTHASSESSMENT ACCEPTS PRESIDENT BUSH'S CALL FOR THE EXPANSION OF EXPANDED FINANCIAL LITERACY TO PROMOTE THE AMERICAN DREAM . . . HOME OWNERSHIP AND PERSONAL FINANCIAL SUCCESS.

"Of course, a bank account, a credit record, and a firm understanding of household finances are all necessary steps toward homeownership. Accordingly, the Administration is taking additional steps to ensure that financial education efforts are expanded" . . .President Bush.

Edina, MN - WealthAssessment, a leading provider of personal financial well-being online resources, today announced it would help meet President George W. Bush's challenge to ensure that financial education efforts are expanded and met within the financial industry, especially with regard to homeownership. In a speech on July 17, 2002, President Bush called on the nation's private sector business partnering with financial institutions in the housing industry to work in productive, visible ways that not only invest more than $1 trillion expanding homeownership opportunities for America's minorities, but largely increase efforts towards financial literacy.

Beginning in January of 2002, WealthAssessment has undertaken a leading roll in developing comprehensive solutions that are geared towards consumers and their personal financial literacy. Deployment of these efforts is through partnerships with national financial leaders. Specifically, our discussions for meeting this national need is being brought to credit unions and leaders in the housing industry today.

WealthAssessment: "President Bush has rightfully and with confidence underscored the leading economic drivers in our country – Financial literacy. We are fully committed to working closely with the financial leaders in America to help ensure a more productive, stable relationship between consumers and the financial industry," said Dominic Wharram, WealthAssessment's founder.

Freddie Mac: "President Bush boldly called on the housing industry to increase minority homeownership in America. We fully support this national priority, and Freddie Mac will play a major part in achieving it," said Leland C. Brendsel, Freddie Mac's chairman and CEO.

WealthAssessment addresses 3 of the 5 major areas within the scope of Freddie Mac's "Catch the Dream' initiative.
The Freddie Mac initiatives will span the entire "Homeownership Lifecycle." The Homeownership Lifecycle includes (1) providing information to help consumers understand that homeownership is within reach; (2) expanding the availability of affordable for-sale housing; (3) equipping the mortgage finance industry with the tools to meet the financing needs of the next generation of homebuyers; (4) providing more affordable home financing opportunities and (5) helping homeowners build and protect their home equity.

We intend to work with Freddie Mac and other industry leaders whose plans include proven financial literacy and anti-predatory awareness initiatives.

WealthAssessment is a d.b.a. of DebtAssessment Inc., a privately held company by investors who believe that a win-win environment exists when consumers are educated about and motivated to seek out the right financial products and services from financial institutions who are prepared to meet the needs of those they serve. DebtAssessment Inc. is located in Edina, Minnesota.



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