The coalition includes Fannie Mae and Freddie Mac. The list also has several associations: the National Association of Home Builders, the National Association of Realtors, Mortgage Bankers Association of America, the National Multi Housing Council, the Independent Community Bankers of America, and the Homeownership Alliance are the groups that have combined, saying the $25 million is a minimum.
Shawn Flaherty, a spokeswoman for Freddie Mac, told GlobeSt.com the huge multifamily and residential mortgage company would donate at least $10 million to various charities and agencies that are assisting victims and their families. Flaherty said that Fannie Mae is also donating $10 million. Those numbers could increase because at least Freddie Mac is using its employee, matching gifts program. For this cause, there is no minimum donation, but a maximum employee donation of $10,000. Flaherty said that employees have been giving and the company expects to write a check for a lump sum.
Freddie Mac, which is based in McLean, VA, has at least one employee missing who was in New York for a meeting that morning. Freddie Mac is also re-examining its security measures for its three-building campus on Jones Branch Road here. The company has 4,000 employees, with about 3,000 working locally. The company closed its campus at 11:30 am last Tuesday.
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