KPCC News In Brief
California Mortgage Bankers Association chairman talks about housing market, mortgage bankers' image
It’s hard out there for a mortgage banker. Politicians and policymakers have blamed the entire profession for the country’s economic meltdown. KPCC’s “Patt Morrison” spoke with Robert Satnick, chairman of the California Mortgage Bankers Association, about how his business can rehabilitate its image – and help resurrect the housing market.
Robert Satnick: “It was too easy for many people to get into the industry. And there are now new regulations that have been put into place and we embrace, and with the licensing requirements that now will take effect on a national basis. And that right there alone is one great step that we work close with the Legislature to put into place.”
Link: California Mortgage Bankers Association
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- October 30, 2008 2:04 PM
- Categories: Business/Economy
