John Sauro, President of North Atlantic Mortgage Corp. appearance on Bloomberg TV, Thursday, July 19, 2007 at 2:39 pm.
Stamford, CT (PRWEB) July 28,2007 -- John Sauro discussed the reaction to Fed Chairman Ben Bernanke statements on actively tightening mortgage companies' rules and proper licensing procedures.
Mr. Sauro said, "Changes in the industry are necessary but cautioned against over doing it and that we need to give the industry time to cleanse itself and it will cleanse itself."
He continued with advice for homeowners, "If you have a mortgage that is going to reset be pro-active- get a 'Mortgage Check Up'. Consult your bank and/or broker. Getting a 'Mortgage Check Up' will allow you to see if there is anything you can do right now and notes that rates are still historically low."
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 www.NorthAtlanticMortgage.com or http://video.google.com/videoplay?docid=221326100684877191&hl=en.
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