Agencies, industry aiding victims, rescue workers

Real Estate Watch

September 23, 2001

Government and real estate industry groups are offering help to survivors, victims' families and workers involved in last week's disasters in Pennsylvania, New York and Washington.

Freddie Mac and Fannie Mae, two quasi-government corporations that make funds available to the mortgage industry, are asking lenders to work with affected borrowers so they don't lose their homes or damage their credit rating. Lenders and borrowers can call Freddie Mac at 800-743-0076 or Fannie Mae at 800-732-6643.

The housing and mortgage finance industry has pledged to raise $25 million in support of the victims' families, rescue workers and others affected. Groups include the Mortgage Bankers Association of America, National Association of Realtors, the National Association of Home Builders and the Independent Community of Bankers of America.

The National Association of Realtors has raised $1.7 million through the Realtors Housing Relief Fund. For more information, go to http://relief.realtor.org.

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