Famous Quotes & Sayings

Nationwide Mortgage Quotes & Sayings

Enjoy reading and share 1 famous quotes about Nationwide Mortgage with everyone.

Share on Facebook Share on Twitter Share on Google+ Pinterest Share on Linkedin

Top Nationwide Mortgage Quotes

Nationwide Mortgage Quotes By Michael Lewis

Back in July 2003, he'd written them a long essay on the causes and consequences of what he took to be a likely housing crash: "Alan Greenspan assures us that home prices are not prone to bubbles - or major deflations - on any national scale," he'd said. "This is ridiculous, of course ... . In 1933, during the fourth year of the Great Depression, the United States found itself in the midst of a housing crisis that put housing starts at 10% of the level of 1925. Roughly half of all mortgage debt was in default. During the 1930s, housing prices collapsed nationwide by roughly 80%. — Michael Lewis