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Chase Launches “Legacy Of Homeownership” Tour With Lynnette Khalfani
Southport, CT, May 17, 2007 / DiversityBusiness.com /-- Chase, one of the nation’s leading residential housing lenders, today announced the launch of The Legacy of Homeownership Tour presented by Chase. The four-city tour of educational seminars is designed to show African Americans how to establish and preserve their legacies through homeownership.

Lynette Khalfani, a best-selling author and financial expert, will be the featured speaker for the tour, which will include informational workshops, one-on-one consultations with mortgage experts, onsite loan pre-approvals and displays of a wide array of local housing properties. Admission is free, but pre-registration is required. To register and get more information, go to www.chase.com/legacy

“At Chase, we want to contribute to the economic growth of the communities we serve, as well as increase opportunities for African Americans to build generational wealth through homeownership,” said Thasunda Duckett, Chase senior vice president. “We are committed to helping consumers establish and preserve their legacies by investing in the American Dream.”

The U.S. homeownership rate among minorities increased to 49.1 percent from 42.3 percent between 1994 and 2004, according to the U.S. Census Bureau. Historically low interest rates and innovations in the mortgage lending business all have played a part. Today, homeowners increasingly are looking for financial security and smarter ways to manage and sustain their real estate investments. The tour’s seminars will address both – how to buy a home and how to sustain homeownership.

“We are proud to support the Legacy of Homeownership Tour that educates individuals about strategies to build wealth through real estate and investments,” said Craig Nickerson, vice president of Expanding Markets for Freddie Mac. “Homeownership is a financial asset that could well be a family’s most significant long-term source of wealth.”

After kicking off the tour May 19 at the Atlanta Marriott Marquis Peachtree, 265 Peachtree Center Ave., the Legacy of Homeownership Tour will be in Houston on June 23, Chicago on July 21, and in New York on September 15. Venues for these dates and cities will be posted on the www.chase.com/legacy web site once available.

Workshop topics include:
  • The Basics of Legacy Creation: Real Estate 101,
  • From Taxes to Tuition: Make Your Home A Working Asset,
  • Passing it On: Estate Planning & Property Transfer, and
  • Leave a Lasting Legacy: Protecting Your Financial Future.

The tour also features raffles with prizes such as a Dell laptop or a one-room makeover of the winner’s home, as well as a book signing by Khalfani.

National Tour sponsors include Dell and Freddie Mac.

ABOUT CHASE
Chase originates $170 billion in residential mortgages and home equity annually, and services a portfolio of more than $500 billion. The home lending division serves borrowers nationwide through 2,000 local loan officers in 270 mortgage offices and more than 3,000 bank branches, as well as approximately 500 representatives in call centers. In addition, the Chase Business-to-Business channel serves mortgage brokers and bankers in all 50 states through 15 processing centers and more than 700 account executives. Parent company JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries. Information about Chase’s mortgage products and services is available at www.chase.com.

ABOUT FREDDIE MAC
Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage pass through securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters. For additional information about Freddie Mac, visit: www.FreddieMac.com.

ABOUT LYNNETTE KHALFANI
Lynnette Khalfani, “The Money Coach,” is a personal finance expert and the author of The Money Coach’s Guide to Your First Million (McGraw Hill; Sept 2006), Investing Success: How To Conquer 30 Costly Mistakes & Multiply Your Wealth! and the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom (Advantage World Press).

As an award-winning financial news journalist, Lynnette worked for nearly a decade as a Dow Jones Newswires reporter and a Wall Street Journal reporter for CNBC. At CNBC, Lynnette filed weekly television segments on personal finances, investing and small business, and conducted online chat sessions on CNBC.com.

For more information about the Tour go to www.chase.com/legacy or call 1-800-541-0368.

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