7 A Loan Quotes & Sayings

You can use the [Barack] Obama administration as a recent example. For seven years they've been unopposed. The Republican Party's not trying to stop 'em on a single thing. Much of Obama's agenda has been a success. He has been able to attack various traditions, institutions, and taken over the health care system in this country. They've taken over the student loan, they've taken over the education system, and everybody in it is miserable and unhappy. — Rush Limbaugh

And you'd see that 2/28 interest only ARM mortgages were only 5.85% of the pool in early 2004, but by late 2004 they were 17.48% of the pool, and by late summer 2005 25.34% of the pool. Yet average FICO [consumer credit] scores for the pool, percent of no-doc ["Liar"] loan to value measures and other indicators were pretty static ... . The point is that these measures could stay roughly static, but the overall pool of mortgages being issued, packaged and sold off was worsening in quality, because for the same average FICO scores or the same average loan to value, you were getting a higher percentage of interest only mortgages. — Michael Lewis

Diane, in Jackie's mind, looked just like a woman who would be an active PTA mom, with her kind face and comfortable clothing. She also thought Diane looked like a woman who would be a loan officer, with her conservative makeup choices and serious demeanor. She would look like a pharmacist if she ever were to wear the standard white coat, gas mask, and hip waders. — Joseph Fink

These books you're reading . . . I question your taste, Miss Twill."

She straightened the collar of his maroon coat. "I'll read what I please, Mr. Thane."

"I have a suggestion," he said with a wry smile, stepping away and glancing back at the sunset, which had already grown ruddier. "I have a dissertation on eighteenth-century Folding basics on interlibrary loan. It's wonderfully dry and has all its nouns capitalized. I think you'll enjoy it."

Ceony frowned. "You want me to study primitive Folding techniques?"

"Only subprimitive," he said, a smirk playing on his lips. "It never hurts to go back to basics, even if you think you know them."

"I do know them."

"Are you sure?"

Ceony paused. "Is this a hint for my test? — Charlie N. Holmberg

You can refi your car loan just like you can refi your mortgage. It's even easier and less expensive. There's no appraisal process, and fees are minimal for a new car title. A couple of caveats: Most lenders require that the car be less than five years old and have a minimum loan balance of $7,500. — Jean Chatzky

So you," she said, meeting his eyes, "are a librarian. What does that make me then? A seven-day loan?"
Daniel laughed as he set his book aside. He moved toward her and lightly gripped her knees.
"Seven-day loan ... I'm not sure I like the thought of giving you back." He slid his hands up her thighs and took her by the hips.
"But what about overdue fines?" she asked, playfully flashing her eyes at him.
"I think I can afford them," he said. Eleanor tried to voice another protest but his mouth was already on hers. — Tiffany Reisz

Fannie Mae has traditionally only bought and sold mortgages. But when a loan held by the company goes into foreclosure, Fannie Mae gains ownership of the underlying property until it is resold to new investors. — Charles Duhigg

One of the biggest problems out there that I hear from my friends in the business community is that there's no lending, that it's tough to get a loan today. — Alexi Giannoulias

The invention of the micro-loan was a big surprise to me. Who would have guessed loans of less than $20 made to poor people in undeveloped countries could create thriving local economies? And, even more surprisingly, that they more reliably pay off their debts than the wealthy of the world. — Joel A. Barker

What is entrepreneurship, after all? Bigness is not the issue. Poor people are the ones who take challenges every day. The guy who sells a hot dog on the street is as much an entrepreneur as anyone else. Getting his $50 loan to start could be as difficult as finding $50 million for someone else. All people are entrepreneurs. — Muhammad Yunus

Household was making loans at a faster pace than ever. A big source of its growth had been the second mortgage. The document offered a fifteen-year, fixed-rate loan, but it was bizarrely disguised as a thirty-year loan. It took the stream of payments the homeowner would make to Household over fifteen years, spread it hypothetically over thirty years, and asked: If you were making the same dollar payments over thirty years that you are in fact making over fifteen, what would your "effective rate" of interest be? It was a weird, dishonest sales pitch. The borrower was told he had an "effective interest rate of 7 percent" when he was in fact paying something like 12.5 percent. "It was blatant fraud," said Eisman. "They were tricking their customers. — Michael Lewis

I have a great deal of spiritual dignity. It's on loan from eternity, and you do too, and we have to use it in our relationship with each other. — Frederick Lenz

It is my rather subversive opinion that a writer's feelings of anonymity-obscurity are the second most valuable property on loan to him during his working years. — J.D. Salinger

Never loan your heart to hatred; it pays you back with self-destruction. Majority of people living are not aware that anger is an acid that destroys its own container. — Israelmore Ayivor

Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have? — Suze Orman

Keep harping on about how Europe's close to accepting you," the American ambassador to Moldova suggested coldly to the president, when the latter came to ask for a loan. "They'll grab onto that like a rabbit after a carrot. But I'm sorry. I cannot give you any money. — Vladimir Lorchenkov

Long ago I learned that even the most inanimate things we know of - stone, iron columns, copper pipes, gravel roads, a piece of paper - won't last very long without attention and fixing and the loan of additional order. Existence, it seems, is chiefly maintenance. What — Kevin Kelly

Children in the kingdom of God hold onto possessions loosely. They know that the King is powerful and generous, and they know that what they have is on loan anyway. They are quick to help those in need. The rich, on the other hand, are sorely tempted to trust in their riches. — New Growth Press

How simple love would be, Younger Brother, if we only had to bestow it on those who deserved it. Yet what would it be worth? If you gave a poor man a silver coin then that would be a gift. If you expected him to pay you back, then that would make it a loan. We do not loan our love, Lantern. We give it freely. — David Gemmell

A banker is a person who is willing to make you a loan if you present sufficient evidence to show you don't need it. — Herbert V. Prochnow

Opaque and invisible models are the rule, and clear ones very much the exception. We're modeled as shoppers and couch potatoes, as patients and loan applicants, and very little of this do we see - even in applications we happily sign up for. Even when such models behave themselves, opacity can lead to a feeling of unfairness. — Cathy O'Neil

Now, suppose that a homeowner puts down only 3% of their own money or 3.5% for the FHA. That means if prices go down by only 3%, the house will be in negative equity and it would pay the homeowner just to walk away and say, "The house now is worth less than the mortgage I owe. I think I'm just going to move out and buy a cheaper house." So it's very risky when you have only a 3% or 3.5% equity for the loan. The bank really isn't left with much cushion as collateral. — Michael Hudson

If you owe too much on American Express,
and your Diner's Club notes are too hard,
take a loan on your Visa,
and pay it off with your MasterCard! — Nipsey Russell

I would prefer," Pat said, his voice a little stiff, as if he expected resistance, "that I be the cosigner on the loan, if you go through with this. I know I'm not a famous billionaire, but I think my credit's just as good."
No, you're wrong about that," Tess said, shaking her head.
What?"
As far as I'm concerned, it's better. I'd much rather do business with you."
They shook on it. It was a deal, after all, not a time for hugging.
Favors, Arnie Vasso had once said. Your father knows all about favors. He had meant it as an insult, a sly reference to the corners the Monaghans and Weinsteins cut here and there. Now Tess saw it for the simple truth it was: Her father understood favors. How to do them, how to accept them, how to walk away when the price was too steep. It was a lesson she wouldn't mind learning someday.
Maybe this was the place to start. — Laura Lippman

Both HUD and the Department of Justice began bringing lawsuits against mortgage bankers when a higher percentage of minority applicants than white applicants were turned down for mortgage loans. A substantial majority of both black and white mortgage loan applicants had their loans approved but a statistical difference was enough to get a bank sued. — Thomas Sowell

Only morons start a business on a loan? — Mark Cuban

So long as the people with the power - to hire and fire you, approve or deny your loan, or write up your speeding ticket - look at you through the lens of institutionalized racism, sexism, homophobia or any other -sim they've learned form stories, videos, media and other biased individuals, a single win means nothing. We cannot effect true change alone. — Kameron Hurley

Reading teaches us receptivity ... It teaches us to receive, in stillness and attentiveness, a voice possessed temporarily, on loan ... And as we grow accustomed to receiving books in stillness and attentiveness, so we can grow to receive the world, also possessed temporarily. — Lynne Sharon Schwartz

If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that. — William J. Clinton

For all men have but a little while to live and none knows his fate thereafter. So that a man possesses nothing certainly save a brief loan of his body: and yet the body of man is capable of much curious pleasure. — James Branch Cabell

When a stretch of Eye Street was finally ready, he had the barricades gracefully opened by two trained bears on loan from the circus. As a result, both Metro and the circus got good press. Even then Pfanstiehl could not please everybody; a labor representative berated him for giving work to nonunion bears. — Zachary M. Schrag

People internalize, from the jail to student loan debt, to credit card debt, to unemployment to the whole collective. It manifests itself in many ways, in people's home lives, domestic stuff. — Jesse Jackson

Back in 1996, 65 percent of subprime loans had been fixed-rate, meaning that typical subprime borrowers might be getting screwed, but at least they knew for sure how much they owed each month until they paid off the loan. By 2005, 75 percent of subprime loans were some form of floating-rate, usually fixed for the first two years. — Michael Lewis

Income tax rules also made borrowing against a home's equity attractive. Because mortgage interest payments can be deducted for income tax purposes, the interest paid on home equity loans could also be deducted, although interest on credit card debt or other debt was not deductible. Therefore it often paid anyone with any other kind of debt to pay off that debt with a home equity loan, whose interest would be deductible for income tax purposes. More and more people began to do this during the housing boom. In 2003, home equity loans totaled $593 billion. Such loans soared during the housing boom, nearly doubling to $1.13 trillion in 2007. — Thomas Sowell