Stamford, CT (PRWEB) August 22, 2007
John Sauro helped put role of mortgage brokers in the recent credit crunch in perspective on FOX News.
Mr. Sauro insisted that in the New York, New Jersey and Connecticut the market has held up well in the subprime crunch, even though rates on jumbo loans are higher.
He said, "You would think that a lot of customers would be trying to refinance out of these adjustable rates that are resetting because that's what we're hearing about. We're not seeing a lot of that and I think it's because of the fact that these customers have been educated."
Mr. Sauro went on to say, "I think the qualifications on the industry are pretty tough now. In any industry you have people who are going to circumvent regulations, but there are very tight disclosures out there for the consumer, which are very protective of the consumer."
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 full interview may be viewed at North Atlantic Mortgage Corp. website http://www.NorthAtlanticMortgage.com or http://video.google.com/videoplay?docid=-8612390073141893199