Quotes & Sayings About Lenders

Engaged in a new form of serfdom
only bound now to banks and mortgage lenders instead of to lords
her more highly leveraged neighbors pore over the business section of the newspaper each day looking for some sign that the government will soon step in to "freeze" their mortgage rates where they are before a scheduled adjustment hits. — Douglas Rushkoff

A government offering such bounty to builders and lenders could have required compliance with a nondiscrimination policy. Instead, the FHA adopted a racial policy that could well have been culled from the Nuremberg laws. — Charles Abrams

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

Now there was great rejoicing at the rumor of Alderic's quest, for all folk knew that he was a cautious man, and they deemed that he would succeed and enrich the world, and they rubbed their hands in the cities at the thought of largesse; and there was joy among all men in Alderic's country, except perchance among the lenders of money, who feared they would soon be paid. And there was rejoicing also because men hoped that when the Gibbelins were robbed of their hoard, they would shatter their high-built bridge and break the golden chains that bound them to the world, and drift back, they and their tower, to the moon, from which they had come and to which they rightly belonged. There was little love for the Gibbelins, though all men envied their hoard.
("The Hoard Of The Gibbelins") — Lord Dunsany

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

If the banks become unreliable lenders, apartment prices will drop dramatically. — Harry Triguboff

Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it is easy to be influenced by Western businessmen and financiers ... Countries that aren't sure that borrowing is worth the rist are told how important it is to establis a credit rating: borrow even if you really don't need the money. — Joseph E. Stiglitz

Private fortunes, in the present state of our circulation, are at the mercy of those self-created money lenders, and are prostrated by the floods of nominal money with which their avarice deluges us. — Thomas Jefferson

Fannie Mae and Freddie Mac buy mortgages from banks and other lenders, providing those financial institutions with capital to make new loans. — Charles Duhigg

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

The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it. — Peter Schiff

Some people think the Federal Reserve Banks are US government institutions. They are not ... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will. — Louis Thomas McFadden

The dominant propaganda systems have appropriated the term "globalization" to refer to the specific version of international economic integration that they favor, which privileges the rights of investors and lenders, those of people being incidental. In accord with this usage, those who favor a different form of international integration, which privileges the rights of human beings, become "anti-globalist." This is simply vulgar propaganda, like the term "anti-Soviet" used by the most disgusting commissars to refer to dissidents. It is not only vulgar, but idiotic. — Noam Chomsky

Obey thy parents, keep thy word justly; swear not; commit not with man's sworn spouse; set not thy sweet heart on proud array. * * * Keep thy foot out of brothels, thy pen from lenders' books. — William Shakespeare

Nine of 10 whites in Chicago borrow from top-drawer banks and mortgage companies, which the industry calls prime lenders. They lend to people with A credit ratings, making loans at competitive rates. — Bill Dedman

When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets. — Bill Gross

Banks and other providers of credit to households have been competing vigorously to expand or protect their market share. In the process, lending standards have been progressively eroded so that lenders are now engaging in practices that would have been regarded as out of the question five or ten years ago. — Ian Macfarlane

By the time most people file for bankruptcy, their credit is already trashed, they have a high debt-to-income ratio - a key indicator lenders look at - and they've likely defaulted on more than a few accounts. — Jean Chatzky

Lenders to trade their long-term income streams for short-term cash. Say — Matt Taibbi

The "evils of faction" theme recurs throughout our history, from the writings of the "muckrakers" at the turn of the twentieth century to the Democratic presidential primary campaigns of 2008 with talk of Halliburton's contracts in Iraq and the shady practices of sub-prime mortgage lenders. — Edward S. Greenberg

With the right sources of funding and some smart, strategic thinking about how to force non-banks to follow the same rules as other lenders, the entire landscape of consumer lending would change. — Elizabeth Warren

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

Great spenders are bad lenders. — Benjamin Franklin

American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage. — Alan Greenspan

States used to protect consumers from predatory lenders, but strong state usury laws were obliterated by a 1978 U.S. Supreme Court decision. — Bernie Sanders

EDGAR
A serving-man, proud in heart and mind; that curled
my hair; wore gloves in my cap; served the lust of
my mistress' heart, and did the act of darkness with
her; swore as many oaths as I spake words, and
broke them in the sweet face of heaven: one that
slept in the contriving of lust, and waked to do it:
wine loved I deeply, dice dearly: and in woman
out-paramoured the Turk: false of heart, light of
ear, bloody of hand; hog in sloth, fox in stealth,
wolf in greediness, dog in madness, lion in prey.
Let not the creaking of shoes nor the rustling of
silks betray thy poor heart to woman: keep thy foot
out of brothels, thy hand out of plackets, thy pen
from lenders' books, and defy the foul fiend.
Still through the hawthorn blows the cold wind:
Says suum, mun, ha, no, nonny.
Dolphin my boy, my boy, sessa! let him trot by.
Storm still. — William Shakespeare

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

Credit card issuers and HELOC lenders are like fair-weather friends: They cozy up to you in good times, but when the economy heads south, they abandon you faster than Usain Bolt runs the 100 meters. — Suze Orman

The secret of high finance ... if you really need a loan, you won't qualify. And if you don't need a loan, all the lenders will line up to give you money. — Joanne Fluke

For too long, Americans have fallen victim to financial abuses at the hands of predatory lenders that operate in the shadows. — Kay Hagan

Irrational lenders come and go - mostly they go! — John G. Stumpf

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

The Rothschilds, and that class of money-lenders of whom they are the representatives and agents - men who never think of lending a shilling to their next-door neighbors, for purposes of honest industry, unless upon the most ample security, and at the highest rate of interest - stand ready, at all times, to lend money in unlimited amounts to those robbers and murderers, who call themselves governments, to be expended in shooting down those who do not submit quietly to being robbed and enslaved. — Lysander Spooner

Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term debts need to be rolled over continuously - is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang! - confidence collapses, lenders disappear, and a crisis hits. — Carmen Reinhart

Certainly I shall use the police, and most ruthlessly, whenever the German people are hurt. But I refuse the notion that the police are protective troops for Jewish stores. No, the police protect whoever comes into Germany legitimately, but it does not exist for the purpose of protecting Jewish money-lenders. — Hermann Goring

Which lawyer drafts the contract is often dictated by custom: financing agreements are drafted by lenders' counsel; acquisition agreements are drafted by purchaser's counsel; underwriting agreements are drafted by underwriter's counsel; employment contracts are drafted by employers' counsel; security agreements are drafted by secured party's counsel. The underlying principle is that the party with the most leverage or with the most to lose from an inadequately drafted contract will do the drafting. — Charles M. Fox

The president's attempted diktat takes money from bondholders and gives it a labor union that delivers money and votes for him ... Shaking down lenders for the benefit of political donors is recycled corruption and the abuse of power. — Cliff Asness

Capitalist systems function less well without state protection of investors, lenders, and companies against monopoly, deception, and fraud. — Edmund Phelps

Lenders make their choices with clear preferences: "Africans first, women first, and agriculture first" (Flannery, — Anke Schwittay

I would question any fee. Let them know you're comparison shopping among several lenders. — David Douglas Duncan

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

It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions — Ben Bernanke

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States — Barry M. Goldwater

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

A short squeeze could happen with the U.S. dollar if lenders suddenly forced debtors to pay in cash. — Robert Kiyosaki

In Chicago and across the country, whites looking to achieve the American dream could rely on a legitimate credit system backed by the government. Blacks were herded into the sights of unscrupulous lenders who took them for money and for sport. — Ta-Nehisi Coates

The Pentagon got fed up with its recruits getting ripped off by payday lenders and in 2007 got Congress to make it illegal to extend such loans to members of the military. But civilians remain fair game. — Timothy Noah

No other facet of American business is more corrupt, more intoxicated with illegality, more weakly regulated, and has a greater impact on poor and working people than debt collectors; not credit card companies or subprime mortgages, not even payday lenders. — Gary Weiss

Because the lenders sold many - though not all - of the loans they made to other investors, in the form of mortgage bonds, the industry was also fraught with moral hazard. "It was a fast-buck business," says Jacobs. "Any business where you can sell a product and make money without having to worry how the product performs is going to attract sleazy people. — Michael Lewis

They could call Jesus a terrorist too. I mean, he was pretty tough on money lenders a time or two. — Ramsey Clark

It is better to be a lender than a spender. — Jim Rohn

Consider the recent financial crisis and its link to faulty reward systems. President Bill Clinton's objective of increasing homeownership by rewarding potential home buyers and lenders is one example. The Clinton administration "went to ridiculous lengths" to increase homeownership in the United State, promoting "paper-thin down payments" and pushing lenders to give mortgage loans to unqualified buyers according to Business Week editor Peter Coy. — Max H. Bazerman

Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates. — Ben Bernanke

Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders. — Bill Gross

The US is not a superpower. The US is a financially dependent country that foreign lenders can close down at will. Washington still hasn't learned this. American hubris can lead the administration and Congress into a bailout solution that the rest of the world, which has to finance it, might not accept. — Paul Craig Roberts

The instability of a white neighborhood under pressure from the very possibility of integration put the neighborhood into a kind of real estate purgatory. It set off a downward cycle of anticipation, in which worried whites no longer bought homes in white neighborhoods that might one day attract colored residents even if none lived there at the time. Rents and purchase prices were dropped "in a futile attempt to attract white residents," as Hirsch put it. With prices falling and the neighborhood's future uncertain, lenders refused to grant mortgages or made them more difficult to obtain. Panicked whites sold at low prices to salvage what equity they had left, giving the homeowners who remained little incentive to invest any further to keep up or improve their properties. — Isabel Wilkerson

In money-lenders' capital the form M-C-M is reduced to the two extremes without a mean, M-M , money exchanged for more money, a form that is incompatible with the nature of money, and therefore remains inexplicable from the standpoint of the circulation of commodities. Hence Aristotle: since chrematistic is a double science, one part belonging to commerce, the other to economic, the latter being necessary and praiseworthy, the former based on circulation and with justice disapproved (for it is not based on Nature, but on mutual cheating), therefore the usurer is most rightly hated, because money itself is the source of his gain, and is not used for the purposes for which it was invented. — Karl Marx

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities. — Alan Greenspan

It is assumed that when anyone gets into debt, the fault is entirely and always the fault of the lender. — Bernard Levin

Many banks do not advertise they are portfolio lenders and many people working at the bank may not even know what a portfolio lender is. If you are calling up a bank and they say they aren't a portfolio lender, don't give up! Ask to talk to a loan officer and ask specific questions about what type of investor programs they offer. Here are some good questions to ask; Do you loan to investors who already have four mortgages? Do you sell your loans or keep them in-house? Do you allow investors with four or more mortgages to do cash out refinance? What terms and loan programs do you offer investors? ARM, 15, 30 year fixed, balloon? What interest rates are you charging and what are the initial costs for your loans? What — Mark Ferguson

First of all, these lenders are not babies. These are total killers. These are not the nice, sweet little people you think. You're living in a world of make-believe. — Donald Trump

Serious businesses and lenders will tell you that managing your cash flow is one of the most important aspects in the health of any business. Managing you time flow is key to a healthy and successful life, because, Time is equal to Life. The quality of time expenditure is in direct proportion to the quality of life enjoyed. — Archibald Marwizi

He became the largest individual hog farmer in the North. And, in order not to be victimized by meat packers, he bought controlling interest in an Indianapolis slaughterhouse. In order not to be victimized by steel suppliers, he bought controlling interest in a steel company in Pittsburgh. In order not to be victimized by coal suppliers, he bought controlling interest in several mines. In order not to be victimized by money lenders, he founded a bank. — Kurt Vonnegut

One of the issues with some of these lenders is going to be, where will their provider of credit be when there's a crisis? That's why some of these smarter services, to support their operations, are courting more permanent capital. They want a source of longer-term funding that can survive a crisis. — Jamie Dimon

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

These settlements [Justice Department with lenders] include requirements that banks lend to minorities at below-market rates and, in effect, dish out cash to politically favored 'community groups.' It's a good bet that many of these loans will eventually go bad. — Mary Kissel

When the government runs out of lenders, it can do something that households are forbidden to do: print money. — P. J. O'Rourke

Unfortunately, throughout the housing crisis we've seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a down market to line their own pockets at the expense of others. This bill is designed to send a message by revising our laws to ensure criminals are brought to justice and that law enforcement has the tools to uncover these fraudulent schemes and go after the bad actors. Criminals should be put on notice that ripping off homeowners and taxpayers won't be tolerated. — Chuck Grassley

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

When people feel like, 'Lenders weren't fair with me; I don't have any responsibility to be fair with them.' If we go far enough down that line, much of the fabric of our economy starts to unravel. — Elizabeth Warren

Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest. — Barbara Ehrenreich

We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care. — Warren Buffett