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Industry provides relief
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September 17, 2001: 4:30 p.m. ET
Housing, mortgage finance companies support victims with a pledge of $25M
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NEW YORK (CNNfn) - The nation's housing and mortgage finance companies announced Monday that they plan to donate more than $25 million to help the victims and their families affected by last week's terrorist attacks.
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The housing and mortgage finance industry plans to donate more than $25 million to victims and families affected by last week's terrorist attacks. | |
Companies such as Fannie Mae (FNM: Research, Estimates), Freddie Mac (FRE: Research, Estimates) and the National Association of Home Builders said the goal of this industry-wide commitment is to provide continued relief and financial support for the rebuilding of lower Manhattan.
"The housing and mortgage finance industry stands united and ready to help the country cope with this terrible tragedy," said a joint statement from the companies.
Thousands of people remain buried in the rubble in lower Manhattan, where the World Trade Center's two 110-story twin towers stood only a week ago, and smoke still rose from the site as firefighters, construction and iron workers and others worked in the rescue and recovery mission.
Other companies participate in this joint relief effort include the National Association of Realtors, the Mortgage Bankers Association of America, the National Multi Housing Council, the Independent Community Bankers of America and the Homeownership Alliance. 
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