Stamford, CT (PRWEB) August 10, 2007
John Sauro, President of North Atlantic Mortgage Corp., discussed the recent concerns in the credit markets on CNBC TV's "Street Signs" with Erin Burnett August 3rd, 2007 at 2:00 p.m.
Mr. Sauro said, "The secondary markets are trying to protect themselves by charging a higher rate to cover problems on past and future loans."
He continued to say that "Credit Default Swaps," a form of insurance, also got more expensive and that these costs ad to the rates. He stated that this is temporary and that the market will work it out."
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=1320741420093110770