Americana Mortgage Goup

WWJ Newswatch

WWJ-AM
December 6, 2007
2:00 PM - 3:00 PM

BRIAN McFADDEN (sp) reporting:

The White House acknowledged today the president's plan to help mortgage folks--folks who owe on mortgages that are about to jump. It isn't a silver bullet, but Wall Street likes it.

It will help, they say. Bob Moulton at the Americana Mortgage Group says as far as the original problem, well, there is plenty of blame to go around for the mortgage mess.

Mr. BOB MOULTON (Americana Mortgage Group Representative): It goes from the consumer to the banker to Wall Street. And the consumer was demanding more aggressive products and Wall Street was getting greedier. And you had the demand and you had the supply. And one just kept working off the other.

Americana Mortgage Group, Inc.
1615 Northern Blvd. Ste 404 Manhasset, NY 11030 516-627-0200 Fax: 516-627-0229	1673 North Highway Southampton, NY 11968 631-283-2900
Email Us: AmerMtg@aol.com

Registered Mortgage Broker, New York, Connecticut and Florida State Banking Depts.
Loans arranged through third-party providers.

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