Stamford, CT (PRWEB) August 10, 2007
John Sauro discussed the recent concerns of the mortgage markets during his appearance on FOX TV's "Your World" with Neil Cavuto July 31st, 2007 at 4:00 p.m.
Mr. Sauro said, "Of the $10.3 Trillion of mortgages in the U.S. only $1.3 Trillion are subprime mortgages and 87% of those loans are being paid on time. The good news is that the lending industry is cleansing itself and that lenders are going back to standard underwriting guidelines that are less risky for the lenders and borrowers."
He continued to say that, "the situation is contained and that it will probably peak toward the end of this year."
John Sauro is President of North Atlantic Mortgage Corp. and the author of "Inside the Mortgage Market" and "Sophisticated Jumbo Financing".
North Atlantic Mortgage Corp. is a Stamford, CT based licensed mortgage banker, registered with the Connecticut Banking Department. It is a registered mortgage broker in New York, Florida and Massachusetts. The company is celebrating its 10th anniversary. North Atlantic Mortgage Corp. has made available to the public at no cost, copies of the informational report, "Sophisticated Jumbo Financing" which is a comprehensive primer on mortgage options. For a free copy, the public can call 877-794-5363.
The entire interview can be viewed at North Atlantic Mortgage Corp. website http://www.NorthAtlanticMortgage.com or http://video.google.com/videoplay?docid=221326100684877191&hl=en