 Option
One supports organizations that promote financial literacy,
from kids in Junior Achievement programs to non-profits that
help adults improve their credit worthiness. The company supports
several programs to educate consumers on borrowing and financial
management including:
BorrowSmart
Education Foundation (www.borrowsmart.org),
a nonprofit organization with particular focus on understanding
the risks, rights and responsibilities involved in home equity
loans.
Jump$tart
Coalition for Personal Financial Literacy (www.jumpstart.org),
which educates young adults about financial matters. The Jump$tart
Coalition believes that all young adults need to have the
financial literacy necessary to make informed financial decisions.
Don’t Borrow Trouble
A Freddie Mac sponsored program
(www.dontborrowtrouble.com),that
teaches homeowners how to avoid predatory lending practices.
At the invitation of Freddie Mac, Option One participates
in forums throughout the country on the panel “The ABC’s
of Subprime Lending.” The company was one of only two
non-prime lenders to be invited to participate.
Stop Mortgage Fraud
Through its involvement with
the Mortgage Banker’s Associate (MBA), Option One also
supports Stop Mortgage Fraud www.stopmortgagefraud.com,
an educational Web site where borrowers can learn their rights
and how to report abusive lending practices.
Option One’s own resources include a glossary of lending
terms. If you’d like to learn more about the language
of mortgage loans, visit our mortgage
glossary.
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