DollarWise Resource Book, 2006-07

DOLLAR WI$E
resource book
2006|07
Founding Sponsor
U.S. CONFERENCE OF MAYORS

COUNCIL FOR THE NEW AMERICAN CITY
target
audience
RESOURCES
ORGANIZED BY
HOMEBUYERS
STUDENTS
CREDIT
GENERAL CONSUMERS
OTHER TARGET
AUDIENCES
2006-2007
RESOURCE BOOK
An Easy Guide to Buying a Home

| An informational booklet for potential homebuyers on
the steps to purchasing a home. Tips include how to find a real estate professional,
common real estate terms, types of loans, and how to make an offer on a property.
COUNTRYWIDE FINANCIAL
Booklet available in English or Spanish

50 complimentary copies per city
CONTACT
House America Counseling Center

1.800.577.3732 (English) | 1.800.293.6316 (Spanish)
www.wehouseamerica.com
The Countrywide Home Buyers Club

| The House America Counseling Center offers the
Countrywide Home Buyers Club. It is a no cost program to assist customers who
are determined and committed to buying a home. Customers are provided
education in budgeting, credit counseling and other steps that may be necessary to
help prepare for homeownership.
AVAILABILITY
Brochure and education materials available in English or Spanish

CONTACT

1.800.577.3732 (English) | 1.800.293.6316 (Spanish)
Home Affordability Chart

| A calculator to determine how much you can afford to
pay for a home based on your yearly income, the amount of your down payment,
and your interest rate. To access the calculators, please visit the Web site below.
AVAILABILITY
Chart available in English only

CONTACT

1-800-577-3732 (English) | 1-800-293-6316 (Spanish)
www.countrywide.com/calculators/CalcCombined.asp

| Toll-free number potential homebuyers can call for home
buyer education information, loan pre-qualification, credit analysis, and budget
counseling through the Countrywide Home Buyers Club Program.
CONTACT

1.800.577.3732 (English) | 1.800.293.6316 (Spanish)
www.wehouseamerica.com/resource.html
+
HOMEBUYERS
AVAILABILITY
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Your Personal Credit

| An informational booklet for all consumers on credit,
credit reports, and how credit is reported. It also includes information on how to
dispute information on a credit report as well as sample correspondence.
HOMEBUYERS
AVAILABILITY

CONTACT

1.800.577.3732 (English)
1.800.293.6316 (Spanish)
www.wehouseamerica.com/documents/YourPersonalCredit.pdf
A Consumers Guide to Mortgage Lock-Ins

FEDERAL RESERVE SYSTEM | Explains mortgage lock-ins, including costs and options.
Provides consumer checklist of questions to ask when shopping for a loan.
CONTACT
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/lockins
A Consumers Guide to Mortgage Settlement Costs

FEDERAL RESERVE SYSTEM | Explains the fees associated with mortgage settlement.
Provides information about the settlement process, a cost worksheet, and sources
for additional information.
CONTACT
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/settlement
Consumer Handbook on Adjustable-Rate Mortgages (ARM)

Gua para el consumidor sobre hipotecas a tasa ajustable
FEDERAL RESERVE SYSTEM
| Basic information on an important and complex
mortgage option.
AVAILABILITY
English and Spanish
CONTACT
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/arms/arms_english.htm
www.federalreserve.gov/pubs/arms/arms_spanish.htm
2006-2007
RESOURCE BOOK
Home Mortgages:
Understanding the Process and Your Right to Fair Lending
FEDERAL RESERVE SYSTEM | Guidance on shopping for a home mortgage, making an
application, and understanding your rights to fair lending.
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/mortgage/morbro.htm
Looking for the Best Mortgage: Shop, Compare, Negotiate

Buscando la hipoteca ms favorable: Compare, Verifique, Negocie
FEDERAL RESERVE SYSTEM | Guidance on identifying all the costs of your mortgage
and negotiating the best loan terms.
AVAILABILITY
English and Spanish
CONTACT
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/mortgage/mortb_1.htm
www.federalreserve.gov/pubs/mortgage/MortB_1_Spanish.htm
Putting Your Home Loan on the Line Is Risky Business

Utilizar su hogar como garanta para un prstamo es arriesgado
| Guidance on avoiding potential borrowing pitfalls,
including high-cost predatory home loans, and tips for getting the best financing
deal possible. Includes a worksheet to use in shopping for a home loan.
AVAILABILITY
English and Spanish
CONTACT
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/riskyhomeloans
www.federalreserve.gov/pubs/riskyhomeloans/riskyspanish.htm
What You Should Know about Home Equity Lines of Credit

Lo que usted debera saber sobre las lneas de crdito con
garanta hipotecaria
FEDERAL RESERVE SYSTEM | Information on home equity lines of credit; includes a
glossary of terms and a checklist to use in shopping for a plan.
AVAILABILITY
English and Spanish
CONTACT
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/equity/equity_english.htm
www.federalreserve.gov/pubs/equity/equity_spanish.htm
HOMEBUYERS
CONTACT
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InCharge Guide to Homeownership

INCHARGE EDUCATION FOUNDATION, INC.
HOMEBUYERS
| The InCharge Guide to Homeownership is

a practical, easy-to-understand guidebook for potential homebuyers who have little
or no experience with homeownership. This manual is designed for easy self-paced
study. Readers start with a pre-test to gauge their level of knowledge about owning
a home, then they move into the various important topics about the home buying
process.
AVAILABILITY
For up to 20 free books, call (407) 532-5606.
CONTACT
Ginny Moore, (407) 532-5606
MBAs
Home Loan Learning Center
| A Web site that will provide consumers with

information and resources necessary to learn about the home buying process. It will
offer the consumer an explanation about how the home buying process works;
home buying tips and online links to home buying guides. The site will also
provide an explanation of consumers rights, contains calculators to help
consumers make decisions about what type of mortgage they can obtain and afford
and provides the means for a consumer to ask an experta Certified Mortgage
Bankerquestions about the home buying process.
It offers the consumer a free online course entitled Consumer
Homebuyer Education: Home Buying Basics that covers such topics as: budget
development, understanding credit, selecting a home, evaluating mortgage
products, preparing a mortgage application, procedures at closing and how to avoid
predatory lenders. A free seminar is also available for consumers to listen to and
participate in a presentation delivered via the telephone about the importance of
good credit and how to better improve their credit score. The Home Loan Learning
Center is a tool that you can use to educate your constituents about
homeownership opportunities in your communities.
MORTGAGE BANKERS ASSOCIATION
AVAILABLE
Web site and course in English and Spanish
CONTACT
Paul Richman | 202.557.2899

www.homeloanlearningcenter.com
2006-2007
MBAs
RESOURCE BOOK
Resource Center for Expanding Homeownership
| The Resource Center for Expanding

Homeownership is a Web site designed to provide industry professionals with
resources that will assist them in meeting the needs of emerging market borrowers
across the country. Lenders, other real estate finance professionals, nonprofit
agencies and government agencies in your community can find information about
the following areas:
Consumer Education, a tool kit for successfully conducting homebuyer fairs
and other consumer education efforts.
Best Practices that provide models of successful partnerships.
Partnership Opportunities providing directories of potential partners including
public, private, and nonprofit agencies involved in housing at the local, state,
and national level.
Products and Programs providing innovative approaches to expanding
homeownership.
Research Resources and Library which assist in assessing market
opportunities.

www.mortgagebankers.org/homeownership
Stop Mortgage Fraud Consumer Education Campaign

| A financial literacy program that gives consumers
three important tools they can use to help prevent them from being subject to
predatory lending practices:
A Borrowers Bill of Rights, which provides a detailed listing of consumer
rights during the mortgage transaction from the first contact with a
lender/broker to the closing of the loan.
The Ten Warning Signs of Predatory Lending, which lists the 10 common
warning signs of predatory lending. These signs include everything from being
asked to leave signature lines blank to being encouraged to include false
information on a loan application.
Where to Report Suspected Predatory Lending, consumers can either visit the
Web site or call 1.800.348.3931 to get information on what steps to take to file a
complaint. Consumers calling the 800 number will receive a brochure that
contains information also found on the Web site.
AVAILABILITY
English, Spanish, and Arabic
CONTACT

www.stopmortgagefraud.com
HOMEBUYERS
CONTACT
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WOW
HOMEBUYERS
Initiative with the Congressional Black Caucus

Foundation
| NATIONAL URBAN LEAGUE | For minority

homebuyerseducation and products from partners including MBA, Freddie Mac,
HUD, and NUL. The program promotes homeownership as a means to obtain
wealth by having equity in a home. Also has information on credit counseling from
the National Foundation for Credit Counseling.
CONTACT

www.cbcfinc.org/Economic%20Development/WOW
Specialty Mortgages: What Are the Risks and Advantages?

NATIONAL ASSOCIATION OF REALTORS | The National Association of Realtors and the
Center for Responsible Lending created an educational brochure titled Specialty
Mortgages: What are the Risks and Advantages? to help prospective buyers make
an informed decision about the kind of home financing that is best for them. In
many housing markets, home prices have risen to very high levels, making it harder
to afford a homeespecially for first-time homebuyers. A growing number of
homebuyers are deciding to use one of several new types of specialty mortgages
that let them stretch their income so they can qualify for a larger loan. This
brochure will help them assess the risks and advantages of interest-only, negative
amortization, payment option ARM, and 40-year mortgages.
AVAILABILITY
Mayors can receive 10 copies each free of charge, or purchase

more brochures at cost through this Web site.
To download the brochure, go to the Web site.
CONTACT
Erika Ruiz, Housing Opportunity Program

202.383.1079 | eruiz@realtors.org
www.realtor.org/housopp.nsf/pages/SpecialtyMortgages
2006-2007
RESOURCE BOOK
11
Credit Compass Classroom Edition

INCHARGE EDUCATION FOUNDATION, INC. |
Facilitating the use of Credit Compass in the

classroom, this set of products presents student activities related to the educational
content of the Credit Classroom guide/CD/Web which can be used by students as a
learning tool. A teachers guide also is included to help the teacher lead the
learning exercise.
AVAILABILITY
Up to 20 free copies, call 1.877.617.7989
CONTACT
Ginny Moore | 407.532.5606

www.creditcompass.com
Young Money
AVAILABILITY
For free teachers guides, student study guides and worksheets,

and up to 20 free one-year magazine subscriptions, call
1.888.436.8714.
CONTACT
Nyde Morales | 407.532.5542

www.youngmoney.com
Young Money Classroom Edition

Young Money Classroom Edition brings

Young Money magazine to the high school classroom in the form of bulk
subscriptions at a discount. A class set consists of 20 subscriptions of Young Money
(six issues each) and a four-page Leaders Guide with each issue. A special
Classroom Edition with worksheet exercises and related articles is available at on
the Web site.
AVAILABILITY
For up to 20 free copies, call 1.888.436.8714.
CONTACT

www.youngmoney.com
STUDENTS
Young Money delivers a unique blend of

money, business and lifestyle that informs, engages and inspires its 18- to 24-yearold audience. A recognized brand at several major college campuses across the
country, Young Money leads the market as an authority for young adults through a
bi-monthly magazine, colorful Web site, and exciting live on-campus events.
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The Three Little Pigs: A Financial Fairy Tale
STUDENTS
NATIONWIDE RETIREMENT SOLUTIONS | Nationwide Retirement Solutions believes in

Retirement Education for Life. They are also very concerned about the statistics
surrounding childrens financial education. Development of The Three Little Pigs:
A Financial Fairy Tale is designed to be one step toward helping children build a
natural curiosity about financial planning at an early age. Nationwide has adapted
the well-known childrens fairy tale into a modern-day financial lesson that teaches
children the importance of balancing their spending, saving and sharing. Spending
Pig, Stingy Pig, Smart Pig and Mr. B.B. Wolfe are the stars in the story that follows
the 3 pigs as they manage and mismanage their money. The full-color storybook,
workbook full of suggested activities and other information can be downloaded
from the Web site. These materials can be shared in classrooms, with youth groups,
or as part of the curriculum for Take a Child to Work Day. In recognition of the
excellence of The Three Little Pigs program, The U.S. Conference of Mayors and
Nationwide Retirement Solutions received a 1st Place 2005 Eddy Award from
Pensions & Investments/Workforce Management.
CONTACT
Linda W. Barber | 614.854.8895

www.nationwidekids.com
2006-2007
RESOURCE BOOK
13

AVAILABILITY

50 complimentary copies per city.
CONTACT

1.800.577.3732 (English) | 1.800.293.6316 (Spanish)
Choosing a Credit Card

FEDERAL RESERVE SYSTEM | Describes credit card features and costs, including
information in credit card solicitations and applications. Provides guidance on how
to file a complaint.
CONTACT
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/shop
Consumer Handbook to Credit Protection Laws

FEDERAL RESERVE SYSTEM | Explains how to shop for and obtain credit, how to
maintain a good credit rating, how to dispute unfair credit transactions, and how to
resolve billing errors.
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/consumerhdbk
Credit Guide
FEDERAL RESERVE SYSTEM | This guide is designed to help you get a good start, avoid
hazards, and know where to go and what to do if you have problems when using
credit.
CONTACT
Lynn S. Fox | 202.452.2290

www.chicagofed.org
How to Establish, Use, and Protect Your Credit

FEDERAL RESERVE SYSTEM | Credit is an important financial tool, but it can also be
dangerous, leading people into debt far beyond their ability to repay.
CONTACT
Lynn S. Fox | 202.452.2290

www.phil.frb.org
CREDIT
CONTACT
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Your Credit Report

FEDERAL RESERVE SYSTEM | It used to be that a retailer or bank would have to call
each creditor you listed on an application form before they would decide to extend
credit to you. Today they rely on credit reports, so its important for you to know
what is in yours.
CONTACT
Lynn S. Fox | 202.452.2290

www.frbsf.org
Your Credit Rights

| You need to understand how credit is awarded or denied
and what you can do if you are treated unfairly. The major laws that regulate credit
are outlined in this brochure.
CONTACT
Lynn S. Fox | 202.452.2290

www.frbsf.org
Credit Booster
CREDIT
An acceptable credit score is crucial in

qualifying for low interest rates on a mortgage, car loan and many other items. Yet
many consumers have never seen their credit report and dont understand the
importance of their credit score. Credit Booster is a workbook designed to provide
consumers with critical information on credit reports, credit scoring and related
topics.
AVAILABILITY
For up to 20 free workbooks, call 407.532.5606
CONTACT
Ginny Moore | 407.532.5606
Credit Booster 2nd Edition

The Credit Booster workbook is designed to

provide consumers with information on credit scoring, credit problems, credit
repair and related topics. Users learn about the importance of their credit score and
how the score is determined. Credit Booster also shows readers how to order credit
reports from credit bureaus, understand the information, find and fix errors, and
take steps to rebuild damaged credit. A Spanish-language version of Credit Booster
also has been released.
AVAILABILITY
English and Spanish

For up to 20 free workbooks, call 407.532.5606.
CONTACT
Ginny Moore | 407.532.5606
2006-2007
RESOURCE BOOK
15
Credit Compass
Credit Compass helps individuals and

organizations tackle the problem of financial illiteracy. This award-winning
program consists of seven independent learning modules, each focused on a
specific aspect of personal finance such as goal setting, budgeting, credit card basics
and credit reports. It is available in three versions: Web-based, CD-ROM and a book.
AVAILABILITY
English and Spanish

For up to 500 free Web version user names and passwords, up to
50 free CDs, or up to 20 free books, call 1.877.617.7989.
CONTACT
Ginny Moore | 407.532.5606


Facilitating the use of Credit Compass in the

classroom, this set of products presents student activities related to the educational
content of the Credit Classroom guide/CD/web which can be used by students as a
learning tool. A teachers guide also is included to help the teacher lead the
learning exercise.
AVAILABILITY
For up to 20 free copies, call (877) 617-7989.
CONTACT
Ginny Moore | 407.532.5606

InCharge Education Foundation hosts a

series of free educational workshops in cities across the country on a range of
personal finance topics, including Credit and Debt Management, Creating a
Spending Plan and Managing Family Finances, Home-buying Education, and
Woe Is Me: Credit, Credit Cards & Debt Collections. InCharge also is working
with the Conference of Mayors Council for the New American City to enhance
the financial literacy of city residents through an educational program delivered via
community/neighborhood organizations. InCharge has developed an effective
workbook that can be used by facilitators in city environments, as well as a Trainthe-Trainer program for program facilitators.
CONTACT
Ginny Moore | 407.532.5606
CREDIT
InCharge Educational Outreach
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InCharge Guide to Debtor Education

The InCharge Guide to Debtor Education is

designed to guide people who file for bankruptcy toward improved management of
their financial activities in the future and overall enhancement of their credit health.
The goal in this step-by-step process is to stimulate the involvement of each
individual in planning and working toward his or her financial wellness.
AVAILABILITY
For up to 20 free books, call 407.532.5606
CONTACT
Ginny Moore | 407.532.5606
InCharge Hispanic products

InCharge Education Foundation has

released Spanish-language versions of some of its flagship publications, including
Credit Booster and Credit Compass. Also, Dinero Hispano is a Spanish-language
personal finance education website offering a range of programs tailored to meet
the specialized financial literacy needs of the growing Hispanic community. It
provides information on budgeting, financial planning, avoiding bankruptcy,
understanding credit reports and the wise use of credit cards.
CREDIT
AVAILABILITY
CONTACT
Ginny Moore | 407.532.5606

www.dinerohispano.com
www.hispanicmoney.com
2006-2007
RESOURCE BOOK
17


50 complimentary copies per city.
CONTACT

1.800.577.3732 (English) | 1.800.293.6316 (Spanish)
Bank Products
| Provides an overview of deposits, mutual funds, and
annuities.
CONTACT
Lynn S. Fox | 202.452.2290

www.frbsf.org
Building Wealth
CONTACT
| A beginners guide to securing your financial future.
Lynn S. Fox | 202.452.2290

www.dallasfed.org
GENERAL CONSUMERS
AVAILABILITY
Checkbooklet
FEDERAL RESERVE SYSTEM | This brochure is intended to summarize the advantages
and the risks involved in writing and receiving checks. It provides some basic
information about checking accounts, special types of checks, and the check
collection system.
AVAILABILITY
Online only
CONTACT
Lynn S. Fox | 202.452.2290

www.frbatlanta.org
Credit and Charge Cards

FEDERAL RESERVE SYSTEM | Explains the difference between credit cards and charge
cards as well as disclosure information.
CONTACT
Lynn S. Fox | 202.452.2290

www.frbsf.org
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Identity Theft
GENERAL CONSUMERS
FEDERAL RESERVE SYSTEM | This booklet is designed to help you understand what
identity theft is, how it happens, how to protect yourself, and what steps to take if
your identity is stolen.
CONTACT
Lynn S. Fox | 202.452.2290

www.bos.frb.org
Making Sense of Savings

| Describes the various types of accounts available at
depository institutions.
CONTACT
Lynn S. Fox | 202.452.2290
Privacy Choices for Your Personal Financial Information

FEDERAL RESERVE SYSTEM | Guidance for consumers on making informed choices
about whether to allow their personal financial information to be shared.
CONTACT
Lynn S. Fox | 202.452.2290

www.federalreserve.gov
Protecting Yourself from Overdraft and Bounced-Check Fees

Protejase de los cargos por cheques rebotados y sobregiros
FEDERAL RESERVE SYSTEM | Explains courtesy overdraft-protection, or bounce
coverage, plans, and the costs involved. Provides guidance on how to avoid
overdraft fees.
AVAILABILITY
English and Spanish
CONTACT
Lynn S. Fox | 202.452.2290

www.federalreserve.gov/pubs/bounce
www.federalreserve.gov/pubs/bounce/bouncespanish.htm
Purchase Options for Consumers

FEDERAL RESERVE SYSTEM | When you make a purchase, should you use cash, check,
a credit card, debit card, your computer, or an automatic payment? Which way is
best? To make a good decision, its important to think about your options.
CONTACT
Lynn S. Fox | 202.452.2290

www.chicagofed.org
2006-2007
RESOURCE BOOK
19
Theres a Lot to Learn About Money

| Learn how to make informed decisions about managing
your money.
CONTACT
Credit Compass
Credit Compass helps individuals and

organizations tackle the problem of financial illiteracy. This award-winning
program consists of seven independent learning modules, each focused on a
specific aspect of personal finance such as goal setting, budgeting, credit card basics
and credit reports. It is available in three versions: Web-based, CD-ROM and a book.
AVAILABILITY
English and Spanish

For up to 500 free Web version user names and passwords, up to
50 free CDs, or up to 20 free books, call 1.877.617.7989.
CONTACT
Ginny Moore | 407.532.5606



AVAILABILITY
CONTACT
Ginny Moore | 407.532.5606

www.dinerohispano.com | www.hispanicmoney.com
Mind Your Finances

For those seeking to achieve a higher quality

of life, Mind Your Finances offers a fresh perspective on everyday family finances.
Available through a series of booklets and a Web site, it provides practical, effective
information on budgeting, managing cash flow, interpreting credit reports, using
credit wisely, understanding bankruptcy and much more.
AVAILABILITY
CONTACT
Ginny Moore | 407.532.5606 | www.mindyourfinances.com
GENERAL CONSUMERS
Lynn S. Fox | 202.452.2290

www.federalreserveeducation.org
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Investing for Success
GENERAL CONSUMERS
NATIONAL URBAN LEAGUE | Workshops designed to strengthen investor awareness in

the African-American community are presented by mutual fund industry
professionals from Investment Company Institute member companies.
CONTACT
Claudia Mchunu | 212.558.5374

www.ici.org/i4s
Know Your Money Economic Empowerment Program

NATIONAL URBAN LEAGUE | Know Your Money, an economic empowerment
program designed to teach African-American professionals ages 21-40 personal
money management strategies, consists of a 3-class curriculum to help participants
understand their attitudes about money, develop a realistic household budget, and
manage everyday financial tools. The program is hosted by select National Urban
League Young Professional chapters each fall.
CONTACT
Nataki Goodall | 212.558.5464 | ngoodall@nul.org

www.nul.org/KYM
2006-2007
RESOURCE BOOK
21
Identity Theft
FEDERAL RESERVE SYSTEM | This booklet is designed to help you understand what
identity theft is, how it happens, how to protect yourself, and what steps to take if
your identity is stolen.
CONTACT
Lynn S. Fox | 202.452.2290

www.bos.frb.org
CONTACT
Lynn S. Fox | 202.452.2290


The InCharge Guide to Debtor Education is

designed to guide people who file for bankruptcy toward improved management of
their financial activities in the future and overall enhancement of their credit health.
The goal in this step-by-step process is to stimulate the involvement of each
individual in planning and working toward his or her financial wellness.
AVAILABILITY
CONTACT
Ginny Moore | 407.532.5606


AVAILABILITY
CONTACT
Ginny Moore | 407.532.5606

OTHER TARGET AUDIENCES
FEDERAL RESERVE SYSTEM | Guidance for consumers on making informed choices

about whether to allow their personal financial information to be shared.
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Military Money
Saving, investing and budgeting on a

military incomewhile coping with frequent moves, career changes for the spouse
and new schools for the kidsrequires special skills and planning. Military
Money magazine and Web site explores the dynamic lifestyle of military families
and serves as an authoritative financial resource for those serving in Americas
armed forces.
AVAILABILITY
For up to 20 free one-year magazine subscriptions, call

1.888.436.8765
CONTACT
Ginny Moore, (407) 532-5606

www.militarymoney.com
Path to Diversity Initiative

| Companies can offer their employees scholarships
to the Mortgage Bankers Associations CampusMBA and School of Mortgage
Banking to advance career development and diversity in the real estate finance
industry.
CONTACT

www.mortgagebankers.org/pathtodiversity

Foundation
WOW
| NATIONAL URBAN LEAGUE | For minority

homebuyerseducation and products from partners including MBA, Freddie Mac,
HUD, and NUL. The program promotes homeownership as a means to obtain
wealth by having equity in a home. Also has information on credit counseling from
the National Foundation for Credit Counseling.
CONTACT


NATIONAL URBAN LEAGUE | Workshops designed to strengthen investor awareness in
the African-American community are presented by mutual fund industry
professionals from Investment Company Institute member companies.
CONTACT

www.ici.org/i4s
2006-2007
RESOURCE BOOK
23

NATIONAL URBAN LEAGUE | Know Your Money, an economic empowerment
program designed to teach African-American professionals ages 21-40 personal
money management strategies, consists of a 3-class curriculum to help participants
understand their attitudes about money, develop a realistic household budget, and
manage everyday financial tools. The program is hosted by select National Urban
League Young Professional chapters each fall.
CONTACT
Nataki Goodall | 212.558.5464 | ngoodall@nul.org

www.nul.org/KYM

RESOURCES
ORGANIZED BY
CNAC
member
2006-2007
RESOURCE BOOK
27
Countrywide Financial
CONTACT

1.800.577.3732 (English) | 1.800.293.6316 (Spanish)
An Easy Guide to Buying a Home

An informational booklet for potential homebuyers on the steps to purchasing a
home. Tips include how to find a real estate professional, common real estate terms,
types of loans, and how to make an offer on a property.
AVAILABILITY

ONLINE
www.wehouseamerica.com
The Countrywide Home Buyers Club

The House America Counseling Center offers the Countrywide Home Buyers Club.
It is a no cost program to assist customers who are determined and committed to
buying a home. Customers are provided education in budgeting, credit counseling
and other steps that may be necessary to help prepare for homeownership.
AVAILABILITY
Brochure and education materials available in English or Spanish

Home Affordability Chart

A calculator to determine how much you can afford to pay for a home based on your
yearly income, the amount of your down payment, and your interest rate. To access
the calculators, please visit the Web site listed below.
AVAILABILITY
Chart available in English only

ONLINE
www.countrywide.com/calculators/CalcCombined.asp

Toll-free number potential homebuyers can call for home buyer education
information, loan pre-qualification, credit analysis, and budget counseling through
the Countrywide Home Buyers Club Program.
ONLINE
www.wehouseamerica.com/resource.html
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An informational booklet for all consumers on credit, credit reports, and how credit
is reported. It also includes information on how to dispute information on a credit
report as well as sample correspondence.
AVAILABILITY

ONLINE
2006-2007
RESOURCE BOOK
29
Federal Reserve System

CONTACT
Lynn S. Fox | 202.452.2290
Bank Products
Provides an overview of deposits, mutual funds, and annuities.
ONLINE
www.frbsf.org
Building Wealth
A beginners guide to securing your financial future.
ONLINE
www.dallasfed.org
Checkbooklet
This brochure is intended to summarize the advantages and the risks involved in
writing and receiving checks. It provides some basic information about checking
accounts, special types of checks, and the check collection system.
AVAILABILITY
Online only
ONLINE
www.frbatlanta.org
Choosing a Credit Card

Describes credit card features and costs, including information in credit card
solicitations and applications. Provides guidance on how to file a complaint.
ONLINE
www.federalreserve.gov/pubs/shop
A Consumers Guide to Mortgage Lock-Ins

Explains mortgage lock-ins, including costs and options. Provides consumer
checklist of questions to ask when shopping for a loan.
ONLINE
www.federalreserve.gov/pubs/lockins
A Consumers Guide to Mortgage Settlement Costs

Explains the fees associated with mortgage settlement. Provides information about
the settlement process, a cost worksheet, and sources for additional information.
ONLINE
www.federalreserve.gov/pubs/settlement
30
DOLLAR WI$E
Consumer Handbook on Adjustable-Rate Mortgages (ARM)

Gua para el consumidor sobre hipotecas a tasa ajustable
Basic information on an important and complex mortgage option.
AVAILABILITY
English and Spanish
ONLINE
www.federalreserve.gov/pubs/arms/arms_english.htm
www.federalreserve.gov/pubs/arms/arms_spanish.htm
Consumer Handbook to Credit Protection Laws

Explains how to shop for and obtain credit, how to maintain a good credit rating,
how to dispute unfair credit transactions, and how to resolve billing errors.
ONLINE
www.federalreserve.gov/pubs/consumerhdbk
Credit and Charge Cards

Explains the difference between credit cards and charge cards as well as disclosure
information.
ONLINE
www.frbsf.org
Credit Guide
This guide is designed to help you get a good start, avoid hazards, and know where
to go and what to do if you have problems when using credit.
ONLINE
www.chicagofed.org
Home Mortgages:
Understanding the Process and Your Right to Fair Lending
Guidance on shopping for a home mortgage, making an application, and
understanding your rights to fair lending.
ONLINE
www.federalreserve.gov/pubs/mortgage/morbro.htm
How to Establish, Use, and Protect Your Credit

Credit is an important financial tool, but it can also be dangerous, leading people
into debt far beyond their ability to repay.
ONLINE
www.phil.frb.org
2006-2007
RESOURCE BOOK
31
Identity Theft
This booklet is designed to help you understand what identity theft is, how it
happens, how to protect yourself, and what steps to take if your identity is stolen.
ONLINE
www.bos.frb.org
Looking for the Best Mortgage: Shop, Compare, Negotiate

Buscando la hipoteca ms favorable: Compare, Verifique, Negocie
Guidance on identifying all the costs of your mortgage and negotiating the best loan
terms.
AVAILABILITY
English and Spanish
ONLINE
www.federalreserve.gov/pubs/mortgage/mortb_1.htm
www.federalreserve.gov/pubs/mortgage/MortB_1_Spanish.htm
Making Sense of Savings

Describes the various types of accounts available at depository institutions.

Guidance for consumers on making informed choices about whether to allow their
personal financial information to be shared.
ONLINE
Protecting Yourself from Overdraft and Bounced-Check Fees

Protejase de los cargos por cheques rebotados y sobregiros
Explains courtesy overdraft-protection, or bounce coverage, plans, and the costs
involved. Provides guidance on how to avoid overdraft fees.
AVAILABILITY
English and Spanish
ONLINE
www.federalreserve.gov/pubs/bounce
www.federalreserve.gov/pubs/bounce/bouncespanish.htm
Purchase Options for Consumers

When you make a purchase, should you use cash, check, a credit card, debit card,
your computer, or an automatic payment? Which way is best? To make a good
decision, its important to think about your options.
ONLINE
www.chicagofed.org
32
DOLLAR WI$E
Putting Your Home Loan on the Line Is Risky Business

Utilizar su hogar como garanta para un prstamo es arriesgado
Guidance on avoiding potential borrowing pitfalls, including high-cost predatory
home loans, and tips for getting the best financing deal possible. Includes a
worksheet to use in shopping for a home loan.
AVAILABILITY
English and Spanish
ONLINE
www.federalreserve.gov/pubs/riskyhomeloans
www.federalreserve.gov/pubs/riskyhomeloans/riskyspanish.htm
Theres a Lot to Learn About Money

Learn how to make informed decisions about managing your money.
ONLINE
www.federalreserveeducation.org
What You Should Know about Home Equity Lines of Credit

Lo que usted debera saber sobre las lneas de crdito con
garanta hipotecaria
Information on home equity lines of credit; includes a glossary of terms and a
checklist to use in shopping for a plan.
AVAILABILITY
English and Spanish
ONLINE
www.federalreserve.gov/pubs/equity/equity_english.htm
www.federalreserve.gov/pubs/equity/equity_spanish.htm
Your Credit Report

It used to be that a retailer or bank would have to call each creditor you listed on an
application form before they would decide to extend credit to you. Today they rely
on credit reports, so its important for you to know what is in yours.
ONLINE
www.frbsf.org
Your Credit Rights

You need to understand how credit is awarded or denied and what you can do if you
are treated unfairly. The major laws that regulate credit are outlined in this brochure.
ONLINE
www.frbsf.org
2006-2007
RESOURCE BOOK
33
InCharge Education
Foundation, Inc.
CONTACT
Please call the individual staff contact listed for questions regarding each publication.
Credit Booster
An acceptable credit score is crucial in qualifying for low interest rates on a
mortgage, car loan and many other items. Yet many consumers have never seen their
credit report and dont understand the importance of their credit score. Credit
Booster is a workbook designed to provide consumers with critical information on
credit reports, credit scoring and related topics.
AVAILABILITY
For up to 20 free workbooks, call 407.532.5606
CONTACT
Ginny Moore | 407.532.5606
Credit Booster 2nd Edition

The Credit Booster workbook is designed to provide consumers with information on
credit scoring, credit problems, credit repair and related topics. Users learn about the
importance of their credit score and how the score is determined. Credit Booster also
shows readers how to order credit reports from credit bureaus, understand the
information, find and fix errors, and take steps to rebuild damaged credit. A Spanishlanguage version of Credit Booster also has been released.
AVAILABILITY
English and Spanish

For up to 20 free workbooks, call 407.532.5606.
CONTACT
Ginny Moore | 407.532.5606
Credit Compass
Credit Compass helps individuals and organizations tackle the problem of financial
illiteracy. This award-winning program consists of seven independent learning
modules, each focused on a specific aspect of personal finance such as goal setting,
budgeting, credit card basics and credit reports. It is available in three versions: Webbased, CD-ROM and a book.
AVAILABILITY
English and Spanish

For up to 500 free Web version user names and passwords, up to 50
free CDs, or up to 20 free books, call 1.877.617.7989.
CONTACT
Ginny Moore | 407.532.5606

34
DOLLAR WI$E

Facilitating the use of Credit Compass in the classroom, this set of products presents
student activities related to the educational content of the Credit Classroom
guide/CD/web which can be used by students as a learning tool. A teachers guide
also is included to help the teacher lead the learning exercise.
AVAILABILITY
For up to 20 free copies, call (877) 617-7989.
CONTACT
Ginny Moore | 407.532.5606

InCharge Educational Outreach

InCharge Education Foundation hosts a series of free educational workshops in
cities across the country on a range of personal finance topics, including Credit and
Debt Management, Creating a Spending Plan and Managing Family Finances,
Home-buying Education, and Woe Is Me: Credit, Credit Cards & Debt Collections.
InCharge also is working with the Conference of Mayors Council for the New
American City to enhance the financial literacy of city residents through an
educational program delivered via community/neighborhood organizations.
InCharge has developed an effective workbook that can be used by facilitators in city
environments, as well as a Train-the-Trainer program for program facilitators.
CONTACT
Ginny Moore | 407.532.5606

The InCharge Guide to Debtor Education is designed to guide people who file for
bankruptcy toward improved management of their financial activities in the future
and overall enhancement of their credit health. The goal in this step-by-step process
is to stimulate the involvement of each individual in planning and working toward
his or her financial wellness.
AVAILABILITY
CONTACT
Ginny Moore | 407.532.5606
2006-2007
RESOURCE BOOK
35
InCharge Guide to Homeownership

INCHARGE EDUCATION FOUNDATION, INC.
| The InCharge Guide to Homeownership is a

practical, easy-to-understand guidebook for potential homebuyers who have little or
no experience with homeownership. This manual is designed for easy self-paced
study. Readers start with a pre-test to gauge their level of knowledge about owning a
home, then they move into the various important topics about the home buying
process.
AVAILABILITY
CONTACT
Ginny Moore, (407) 532-5606

InCharge Education Foundation has released Spanish-language versions of some of
its flagship publications, including Credit Booster and Credit Compass. Also, Dinero
Hispano is a Spanish-language personal finance education website offering a range of
programs tailored to meet the specialized financial literacy needs of the growing
Hispanic community. It provides information on budgeting, financial planning,
avoiding bankruptcy, understanding credit reports and the wise use of credit cards.
AVAILABILITY
CONTACT
Ginny Moore | 407.532.5606

Young Money
Young Money delivers a unique blend of money, business and lifestyle that
informs, engages and inspires its 18- to 24-year-old audience. A recognized brand at
several major college campuses across the country, Young Money leads the market
as an authority for young adults through a bi-monthly magazine, colorful Web site,
and exciting live on-campus events.
AVAILABILITY
For free teachers guides, student study guides and worksheets, and
up to 20 free one-year magazine subscriptions, call 1.888.436.8714.
CONTACT

www.youngmoney.com
36
DOLLAR WI$E
Young Money Classroom Edition

Young Money Classroom Edition brings Young Money magazine to the high school
classroom in the form of bulk subscriptions at a discount. A class set consists of 20
subscriptions of Young Money (six issues each) and a four-page Leaders Guide with
each issue. A special Classroom Edition with worksheet exercises and related articles
is available at on the Web site.
AVAILABILITY
For up to 20 free copies, call 1.888.436.8714.
CONTACT

www.youngmoney.com
2006-2007
RESOURCE BOOK
37
Mortgage Bankers Association

CONTACT
MBAs
Home Loan Learning Center
A Web site that will provide consumers with information and resources necessary to
learn about the home buying process. It will offer the consumer an explanation about
how the home buying process works; home buying tips and online links to home
buying guides. The site will also provide an explanation of consumers rights,
contains calculators to help consumers make decisions about what type of mortgage
they can obtain and afford and provides the means for a consumer to ask an expert
a Certified Mortgage Bankerquestions about the home buying process.
It offers the consumer a free online course entitled Consumer Homebuyer
Education: Home Buying Basics that covers such topics as: budget development,
understanding credit, selecting a home, evaluating mortgage products, preparing a
mortgage application, procedures at closing and how to avoid predatory lenders. A
free seminar is also available for consumers to listen to and participate in a
presentation delivered via the telephone about the importance of good credit and
how to better improve their credit score. The Home Loan Learning Center is a tool
that you can use to educate your constituents about homeownership opportunities in
your communities. Web site and course in English and Spanish
ONLINE
MBAs
www.homeloanlearningcenter.com
Resource Center for Expanding Homeownership
The Resource Center for Expanding Homeownership is a Web site designed to

provide industry professionals with resources that will assist them in meeting the
needs of emerging market borrowers across the country. Lenders, other real estate
finance professionals, nonprofit agencies and government agencies in your
community can find information about the following areas:
Consumer Education, a tool kit for successfully conducting homebuyer fairs and
other consumer education efforts.
Best Practices that provide models of successful partnerships.
Partnership Opportunities providing directories of potential partners including
public, private, and nonprofit agencies involved in housing at the local, state, and
national level.
Products and Programs providing innovative approaches to expanding
homeownership.
Research Resources and Library which assist in assessing market opportunities.
ONLINE
www.mortgagebankers.org/homeownership
38
DOLLAR WI$E
Path to Diversity Initiative

Companies can offer their employees scholarships to the Mortgage Bankers
Associations CampusMBA and School of Mortgage Banking to advance career
development and diversity in the real estate finance industry.
ONLINE
www.mortgagebankers.org/pathtodiversity
Stop Mortgage Fraud Consumer Education Campaign

A financial literacy program that gives consumers three important tools they can use
to help prevent them from being subject to predatory lending practices:
A Borrowers Bill of Rights, which provides a detailed listing of consumer rights
during the mortgage transaction from the first contact with a lender/broker to the
closing of the loan.
The Ten Warning Signs of Predatory Lending, which lists the 10 common
warning signs of predatory lending. These signs include everything from being
asked to leave signature lines blank to being encouraged to include false
information on a loan application.
Where to Report Suspected Predatory Lending, consumers can either visit the
www.stopmortgagefraud.com Web site or call 1.800.348.3931 to get information
on what steps to take to file a complaint. Consumers calling the 800 number will
receive a brochure that contains information also found on the Web site.
AVAILABILITY
English, Spanish, and Arabic

Foundation
WOW
For minority homebuyerseducation and products from partners including MBA,

Freddie Mac, HUD, and NUL. The program promotes homeownership as a means to
obtain wealth by having equity in a home. Also has information on credit counseling
from the National Foundation for Credit Counseling.
ONLINE
2006-2007
RESOURCE BOOK
39
National Association of Realtors

CONTACT
Erika Ruiz, Housing Opportunity Program

202.383.1079 | eruiz@realtors.org
Specialty Mortgages: What Are the Risks and Advantages?

The National Association of Realtors and the Center for Responsible Lending
created an educational brochure titled Specialty Mortgages: What are the Risks and
Advantages? to help prospective buyers make an informed decision about the kind
of home financing that is best for them. In many housing markets, home prices have
risen to very high levels, making it harder to afford a homeespecially for first-time
homebuyers. A growing number of homebuyers are deciding to use one of several
new types of specialty mortgages that let them stretch their income so they can
qualify for a larger loan. This brochure will help them assess the risks and advantages
of interest-only, negative amortization, payment option ARM, and 40-year mortgages.
AVAILABILITY
To download the brochure, go to

www.realtor.org/housopp.nsf/pages/
SpecialtyMortgages
Mayors can receive 10 copies each free of charge, or purchase more
brochures at cost through this Web site.
40
DOLLAR WI$E
National Urban League

CONTACT
Please contact the individual staff contact for each program with questions.

Workshops designed to strengthen investor awareness in the African-American
community are presented by mutual fund industry professionals from Investment
Company Institute member companies.
CONTACT

www.ici.org/i4s

Know Your Money, an economic empowerment program designed to teach
African-American professionals ages 21-40 personal money management strategies,
consists of a 3-class curriculum to help participants understand their attitudes about
money, develop a realistic household budget, and manage everyday financial tools.
The program is hosted by select National Urban League Young Professional chapters
each fall.
CONTACT
Kathryn Taylor | 212.558.5408 | ktaylor@nul.org

www.nul.org/KYM

Foundation
WOW
For minority homebuyerseducation and products from partners including MBA,

Freddie Mac, HUD, and NUL. The program promotes homeownership as a means to
obtain wealth by having equity in a home. Also has information on credit counseling
from the National Foundation for Credit Counseling.
CONTACT

2006-2007
RESOURCE BOOK
41
Nationwide Retirement
Solutions
CONTACT
Linda W. Barber | 614.854.8895
The Three Little Pigs: A Financial Fairy Tale

Nationwide Retirement Solutions believes in Retirement Education for Life. They
are also very concerned about the statistics surrounding childrens financial
education. Development of The Three Little Pigs: A Financial Fairy Tale is designed
to be one step toward helping children build a natural curiosity about financial
planning at an early age. Nationwide has adapted the well-known childrens fairy
tale into a modern-day financial lesson that teaches children the importance of
balancing their spending, saving and sharing. Spending Pig, Stingy Pig, Smart Pig
and Mr. B.B. Wolfe are the stars in the story that follows the 3 pigs as they manage
and mismanage their money. The full-color storybook, workbook full of suggested
activities and other information can be downloaded from the Web site. These
materials can be shared in classrooms, with youth groups, or as part of the
curriculum for Take a Child to Work Day. In recognition of the excellence of The
Three Little Pigs program, The U.S. Conference of Mayors and Nationwide
Retirement Solutions received a 1st Place 2005 Eddy Award from Pensions &
Investments/Workforce Management.
ONLINE
www.nationwidekids.com
COUNCIL FOR THE NEW AMERICAN CITY

2006 MEMBERS
American Institute of Architects
American Management Services
Cherokee Investment Partners, LLC
Countrywide Financial
DuPont
InCharge Education Foundation
Initiative for a Competitive Inner City
International Council of Shopping Centers
Mortgage Bankers Association
National Association of Home Builders
National Association of Realtors
National Urban League
Nationwide Retirement Solutions
Kwame M. Kilpatrick
Mayor of Detroit
Chair, Council for the New American City
Dave Gatton
Director, Council for the New American City
Founding Sponsor of the Dollar Wi$e Campaign
The United States Conference of Mayors

Tom Cochran, Executive Director
1620 Eye Street NW
Washington, DC 20006
Phone 202.293.7330
Fax 202.293.2352
usmayors.org
dollarwiseonline.org

DollarWise Resource Book, 2006-07

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DOLLAR WI$E

U.S. CONFERENCE OF MAYORS

An Easy Guide to Buying a Home

Booklet available in English or Spanish

House America Counseling Center

The Countrywide Home Buyers Club

Brochure and education materials available in English or Spanish

House America Counseling Center

Home Affordability Chart

Chart available in English only

House America Counseling Center

House America Counseling Center

House America Counseling Center

Your Personal Credit

Booklet available in English or Spanish

House America Counseling Center

A Consumers Guide to Mortgage Lock-Ins

Lynn S. Fox | 202.452.2290

A Consumers Guide to Mortgage Settlement Costs

Lynn S. Fox | 202.452.2290

Consumer Handbook on Adjustable-Rate Mortgages (ARM)

| Basic information on an important and complex

English and Spanish

Lynn S. Fox | 202.452.2290

Lynn S. Fox | 202.452.2290

Looking for the Best Mortgage: Shop, Compare, Negotiate

English and Spanish

Lynn S. Fox | 202.452.2290

Putting Your Home Loan on the Line Is Risky Business

FEDERAL RESERVE SYSTEM

English and Spanish

Lynn S. Fox | 202.452.2290

What You Should Know about Home Equity Lines of Credit

English and Spanish

Lynn S. Fox | 202.452.2290

InCharge Guide to Homeownership

| The InCharge Guide to Homeownership is

For up to 20 free books, call (407) 532-5606.

Ginny Moore, (407) 532-5606

Home Loan Learning Center

| A Web site that will provide consumers with

MORTGAGE BANKERS ASSOCIATION

Web site and course in English and Spanish

Paul Richman | 202.557.2899

Resource Center for Expanding Homeownership

| The Resource Center for Expanding

Paul Richman | 202.557.2899

Stop Mortgage Fraud Consumer Education Campaign

English, Spanish, and Arabic

Paul Richman | 202.557.2899

Initiative with the Congressional Black Caucus

| NATIONAL URBAN LEAGUE | For minority

Paul Richman | 202.557.2899

Specialty Mortgages: What Are the Risks and Advantages?

Mayors can receive 10 copies each free of charge, or purchase

Erika Ruiz, Housing Opportunity Program

Credit Compass Classroom Edition

Facilitating the use of Credit Compass in the

Up to 20 free copies, call 1.877.617.7989

Ginny Moore | 407.532.5606

For free teachers guides, student study guides and worksheets,

Nyde Morales | 407.532.5542

Young Money Classroom Edition