Quotes & Sayings About Borrowers

Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years. — Charles Duhigg

We used to be hunter-gatherers, now we're shopper-borrowers. — Robin Williams

We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management. — Karen Mills

The Rival
If the moon smiled, she would resemble you.
You leave the same impression
Of something beautiful, but annihilating.
Both of you are great light borrowers.
Her O-mouth grieves at the world; yours is unaffected,
And your first gift is making stone out of everything.
I wake to a mausoleum; you are here,
Ticking your fingers on the marble table, looking for cigarettes,
Spiteful as a woman, but not so nervous,
And dying to say something unanswerable.
The moon, too, abuses her subjects,
But in the daytime she is ridiculous.
Your dissatisfactions, on the other hand,
Arrive through the mailslot with loving regularity,
White and blank, expansive as carbon monoxide.
No day is safe from news of you,
Walking about in Africa maybe, but thinking of me. — Sylvia Plath

Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket. — Mike Belkin

poverty is not the result of rapacious financiers exploiting the poor. It has much more to do with the lack of financial institutions, with the absence of banks, not their presence. Only when borrowers have access to efficient credit networks can they escape from the clutches of loan sharks, and only when savers can deposit their money in reliable banks can it be channelled from the idle rich to the industrious poor. — Niall Ferguson

If you hang around the subprime lending business long enough, you'll meet your share of interesting borrowers: strippers, cons, pimps, thugs and various other upstanding citizens of the community. These were not out typical customers. But if a borrower has credit problems and a checkered past, employment gaps and income from unverifiable sources, he usually ends up talking with a subprime lender. — Richard Bitner

How can HOW help us repair our faltering global economy?
Only by getting our "hows" right can we ensure that we are sustainable. This can only be achieved when we are rooted in, and inspired by, sustainable values. The global economic meltdown supplied a perfect, but painful, example of how sustainability cannot be guided by situational values. The economic crash occurred because too many financial companies became disconnected from fundamental values and long-term sustainable thinking. Instead of nurturing sustainable collaborations, banks, lenders, borrowers and shareholders pursued short-term relationships founded on situational values. More than ever we need to get out of this cycle of crises and build long-term success and deep human connections so that we achieve enduring significance in today's globally interconnected world. — Dov Seidman

You want to evaluate future borrowers, but in order to train an algorithm that will help you identify future defaults, you have to train it and evaluate it on past data. — Anthony Goldbloom

I have children, and this notion - that there might be a single book that introduces children to literature - terrifies me. But you could do worse than Mary Norton's 'The Borrowers.' I loved it as a kid, and my kids love it, too. — Elizabeth McCracken

why the rating agencies weren't more critical of bonds underpinned by floating-rate subprime mortgages. Subprime borrowers tended to be one broken refrigerator away from default. Few, if any, should be running the risk of their interest payment spiking up. As most of these loans were structured, however, the homeowner would pay a fixed teaser rate of, say, 8 percent for the first two years, and then, at the start of the third year, the interest rate would skyrocket to, say, 12 percent, and thereafter it would float at permanently high levels. — Michael Lewis

As borrowers, we may feel guilty about running up debt, anxious about making payments, and resentful of the constraints that old obligations (and old credit records) impose on our current choices. We may find it too easy to buy things we may later regret. — Virginia Postrel

Conservatives may believe that impoverished borrowers destroyed Wall Street. But we liberals will not fool ourselves that stupid bankers sank conservatism for good. — Thomas Frank

Borrowers are nearly always ill-spenders, and it is with lent money that all evil is mainly done and all unjust war protracted. — John Ruskin

Lately, even the Waybacklist borrowers seem to be missing. Have they Been seduced by some other book club on the other side of town? Have they all bought Kindles?
I have one, and I use it most nights. I always imagine the books staring and whispering, Traitor! - but come on, I have a lot of free first chapters to get through. My Kindle is a hand-me-down from my dad, one of the original models< ... > There are newer Kindles with bigger screens and subtler industrial design, but this one is like Penumbra's postcards: so uncool it's cool again. — Robin Sloan

Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable. — Ben Bernanke

When individuals are exchanging present goods against future goods they do not take account in their valuations of Variations in the objective exchange-value of money. Lenders and borrowers are not in the habit of allowing for possible future fluctuations in the objective exchange-value of money. — Ludwig Von Mises

The Interest Rate Reduction Act takes a first step toward providing critical stability by eliminating the threat of an immediate interest rate increase, while making clear the need to move toward a long-term solution that serves the best interests of taxpayers and borrowers. — John Kline

The borrowers will always be willing to take a great deal for themselves. It's up to the lenders to show restraint, and when they lose it, watch out. — Michael Burry

The borrower runs in his own debt. — Ralph Waldo Emerson

These senior claims were supposed to be very low-risk; after all, how likely was it that a large number of people would default on their mortgages at the same time? The answer, of course, is that it was quite likely in an environment where homes were worth 30, 40, 50 percent less than the borrowers originally paid for them. So a lot of supposedly safe assets, assets that had been rated AAA by Standard & Poor's or Moody's, ended up becoming "toxic waste", worth only a fraction of their face value. — Paul Krugman

Soon we saw that money going to women brought much more benefit to the family than money going to the men. So we changed our policy and gave a high priority to women. As a result, now 96% of our four million borrowers in Grameen Bank are women. — Muhammad Yunus

Great collections of books are subject to certain accidents besides the damp, the worms, and the rats; one not less common is that of the borrowers, not to say a word of the purloiners — Isaac D'Israeli

It's never been more important for borrowers to arm themselves with knowledge and build sound financial-management skills. — Robert Manning

Then resold their loans in bulk to Wall Street banks. The banks, in turn, bundled the loans into high-yielding residential mortgage-backed securities (RMBS) and sold them on to investors around the world, all eager for a few hundredths of a percentage point more return on their capital. Repackaged as collateralized debt obligations (CDOs), these subprime securities could be transformed from risky loans to flaky borrowers into triple-A rated investment-grade securities. — Niall Ferguson

With the assistance of the unsecured bad credit loans poor credit borrowers can easily procure the desired amount of funds regardless of their negative credit status. They can easily gain funds from this loan without depositing their valuable assets as an assurance against the approval of this loan application. — Johnson Smith

The sudden introduction of these magic mortgage bonds into the marketplace pushed most every major institutional investor in the world to suddenly become consumed with the desire to lend money to American home borrowers, even if they didn't know to whom exactly they were lending or how exactly these borrowers were qualifying for their home loans. As a result of this lunatic process, houses in middle- and lower-income neighborhoods from Fresno to the Jersey Shore became jammed full of new home borrowers, millions and millions of them, who in many cases were not equal to the task of making their monthly payments. The situation was tenable so long as housing prices kept rising and these teeming new populations of home borrowers could keep their heads above water, selling or refinancing their way out of trouble if need be. But the instant the arrow began tilting downward, this rapidly expanding death-balloon of phony real estate value inevitably had to - and did - explode. — Matt Taibbi

Because reverse mortgages do not require borrowers to make immediate repayments, the interest charges are added to the debt every day, and the total amount owed grows over time. — Charles Duhigg

The big fear of the 1980s mortgage bond investor was that he would be repaid too quickly, not that he would fail to be repaid at all. The pool of loans underlying the mortgage bond conformed to the standards, in their size and the credit quality of the borrowers, set by one of several government agencies: Freddie Mac, Fannie Mae, and Ginnie Mae. The loans carried, in effect, government guarantees; if the homeowners defaulted, the government paid off their debts. — Michael Lewis

Substantive and procedural law benefits and protects landlords over tenants, creditors over debtors, lenders over borrowers, and the poor are seldom among the favored parties. — John Turner

Borrower's don't steal."
"Except from human beings," said the boy.
Arrietty burst out laughing; she laughed so much that she had to hide her face in the primrose. "Oh dear," she gasped with tears in her eyes, "you are funny!" She stared upward at his puzzled face. "Human beans are for Borrowers - like bread's for butter! — Mary Norton

I mean your borrowers of books - those mutilators of collections, spoilers of the symmetry of shelves, and creators of odd volumes. — Charles Lamb

In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement. — Charles Duhigg

The shoulders of a borrower are always a little straighter than those of a beggar. — Morris L. Ernst

The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown. — Nouriel Roubini

All loans, in the eyes of honest borrowers, must eventually he repaid. All credit is debt. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first. — Henry Hazlitt

Bad credit surgery loans are loan service that is basically meant to assist those borrowers who wish to go for a surgical procedure but they are not having ample amount of funds for financing their surgery. With the assistance of this loan service such borrowers can easily access the desired amount of funds along with the tag of their poor credit. The fund avail from this loan will also assist them to mend their awful credit status. — Mark Terry

We must remember that nothing in this world really belongs to us. At best, we are merely borrowers. — Christopher Isherwood

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

I forgot that with the green, the plushness, and shiny plant life that pushed up and surrounded us, with the nourishment it provided came - the fur, the claws, the teeth.
This was not our place. We were borrowers. No longer were we the dominant species. Our time had passed.
We were small in number and frame.
We were supposed to run.
Climb.
Cower
I forgot. — Lauren Nicolle Taylor

The borrowers of America and all the world turn to New York ... It is to the quotations on the New York Stock Exchange that men of affairs from Penobscot to Honolulu turn each morning to find how beats the pulse of prosperity and enterprise. — Charles A. Beard

At the top of Charlie Ledley's list of concerns, after Cornwall Capital had laid its bets against subprime loans, was that the powers that be might step in at any time to prevent individual American subprime mortgage borrowers from failing. The powers that be never did that, of course. Instead they stepped in to prevent the failure of the big Wall Street firms that had contrived to bankrupt themselves by making a lot of dumb bets on subprime borrowers. After — Michael Lewis

When I was nine, 'The Borrowers' was such a big series for me! — Gugu Mbatha-Raw

Debt is always repaid, either by the borrower or by the lender. — James Grant

Once again, the 90/10 rule of money applies - 10% of the borrowers in the world use debt to get richer - 90% use debt to get poorer. — Robert T. Kiyosaki

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score? — Mark Zandi

Life is unnecessarily long. Moments of insight, of fine personal relation, a smile, a glance,
what ample borrowers of eternity they are! — Ralph Waldo Emerson

Borrowers were told not to worry about paying the ever-mounting debt, because house prices would keep rising and they could refinance, taking out some of the capital gains to buy a car or pay for a vacation. — Joseph E. Stiglitz

No gentleman can be without three copies of a book: one for show, one for use, and one for borrowers. — Richard Heber

When bond prices fall, interest rates soar, with painful consequences for all borrowers. — Niall Ferguson

Take the whole range of imaginative literature, and we are all wholesale borrowers. In every matter that relates to invention, to use, or beauty or form, we are borrowers. — Wendell Phillips

Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn. — Seth Klarman

If you want to access the funds without wasting your money then get applied for bad credit no fee loans. They are excellent financial scheme that allows the borrowers to gain the desired amount of funds without demanding any additional charges or collateral from them. The best part of this loan plan is that poor creditors can also enjoy the service of this loan without any hindrance of their negative credit profile. — John Smith

The art of banking is always to balance the risk of a run with the reward of a profit. The tantalizing factor in the equation is that riskier borrowers pay higher interest rates. Ultimate safety - a strongbox full of currency - would avail the banker nothing. Maximum risk - a portfolio of loans to prospective bankrupts at usurious interest rates - would invite disaster. A good banker safely and profitably treads the middle ground. — James Grant

The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes. — Ben Bernanke

Microfinance initiatives are very high-touch models. The loan officer meets with local groups of borrowers every week, they share tips and techniques. There's a lot of training and learning that goes on, which adds to the cost of the model. — Pierre Omidyar

Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong. — Ben Bernanke

What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them. — Matt Taibbi

Trailer home borrowers, mostly near the bottom of the economic ladder, often default on their loans. — Alex Berenson

We are renters and borrowers and, in the end, only thieves. — Bennett Madison

Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure ... The credit crunch and foreclosure problems are failures of government policy. — Walter E. Williams

Sure, we loaned money to build hotels and casinos in Las Vegas. So what? Las Vegas borrowers were good customers. — Jimmy Hoffa

The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow. — Mark Zandi