Financial Stability Website

[RefusetobeStressed]

Hi all,

I was looking over the Financial website and pulled up all the contracts. I did not see American Home Mortgage among the list.

Are they not playing a roll in the Obama plan?

RefusetobeStressed

[Moe Bedard]

Nope, American Home Mortgage Servicing Inc is not with the Obama plan.

ACORN Blasts Obama for Choice of Fund Manager in Toxic Asset Program - Political News - FOXNews.com

"This is disappointing in the extreme, and calls into question Treasury's commitment to preventing foreclosures when it entrusts public funds to a corporate titan who has refused to do the bare minimum in foreclosure prevention by joining the administration's program."

ACORN said if Ross doesn't join the administration's program, the Treasury Department should "yank his sweetheart deal."

"American homeowners and taxpayers demand nothing less than all hands on deck to save the American dream and rescue the economy," Lewis said. "Wilbur Ross has so far refused to do his part. That must change, now."

But Ross disputed ACORN's claim, saying that his company had been working with Fannie Mae and the Treasury Department for months on joining Obama's housing program before the goal was reached on Friday.

"We were quite stunned to find this sort of accusation because we're the farthest thing from being a home wrecker," Ross told FOXNews.com, adding that if ACORN officials had spoken to his company, they would have known he endorsed Obama's housing program.

Ross noted that his company has completed more than 64,000 loan modifications in the past year, with 86 percent of borrowers reaping a payment reduction.

[RefusetobeStressed]

Should have known!!!!!!!!!!!!!!!!!!!!!!!