John Sauro, President of North Atlantic Mortgage Corp. will appear on CNBC's "The Closing Bell" with Maria Bartiromo on August 6th, 2007 at 4:15 p.m. Mr. Sauro discussed regulation in the subprime market.
Stamford, CT (PRWEB) August 11, 2007 -- John Sauro, President of North Atlantic Mortgage Corp. will appear on CNBC's "The Closing Bell" with Maria Bartiromo on August 6th, 2007 at 4:15 p.m. Mr. Sauro discussed regulation in the subprime market.
Mr. Sauro said, "I think we'll see some further fallout, however, it is contained. One thing we need to note is that any government intervention at this time will only eliminate the very loans that are responsible for the record home-ownership this country enjoys."
Mr. Sauro predicted that the secondary market will put restrictions on who will get a no-doc loan without government intervention.
Mr. Sauro went on to say, "The problem is not quantified yet. We really do not know the extent of the problem yet. But I think there is a lot of speculation in the media, which is only spurring on this problem within the markets.
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 full interview may be viewed at North Atlantic Mortgage Corp. website www.NorthAtlanticMortgage.com or http://video.google.com/videoplay?docid=-6307962252848004387&pr=goog-sl&hl=en
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