The Mortgage Industry Quotes & Sayings

The biggest culprits in the housing fiasco came from the private sector, and more specifically from a mortgage industry that was out of control. — Mark Zandi

The true object of religion is to bind mankind together, and to bind them all to God. If we see that in the name of religion, men, instead of promoting peace on earth and good-will among men, are trying to show their antagonism and animosity towards each other, then certainly we must stand forward with our voice of protest, and say that religion is defeating its own legitimate object. — Keshub Chandra Sen

The crash of 2008 was driven in no small part by unfair practices in the mortgage industry, which led to many consumers becoming trapped in loans they didn't understand and couldn't afford. — Al Franken

Of course the success of A Boy's Own Story took me utterly off guard. — Edmund White

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

Conflict acting on intelligence creates imagination. Faced with conflict, creatures are forced to imagine what will happen, where the next threat will come from. If there has never been conflict, imagination never develops. Wits arise in answer to danger, to pain, to tragedy. No one ever got smarter eating easy apples. — Sheri S. Tepper

The creator of the heavens obeys a carpenter; the God of eternal glory listens to a poor virgin. Has anyone ever witnessed anything comparable to this? Let the philosopher no longer disdain from listening to the common laborer; the wise, to the simple; the educated, to the illiterate; a child of a prince, to a peasant. — Anthony Of Padua

If you're standing in the manure pile, it's somebody's job to mention the stink. — Barbara Kingsolver

Even before I auditioned for 'X Factor' the second time, I was doing a lot of dance music. — Fleur East

to be aware that you must compete somehow, and yet that wealth and beauty are not in your realm. — Sylvia Plath

When I see someone who just follows their dream and succeeds, and just does basically what they want to do and doesn't have to answer to anyone, obviously not harming anyone, that's great. — Johnny Depp

When Steve Eisman stumbled into this new, rapidly growing industry of specialty finance, the mortgage bond was about to be put to a new use: making loans that did not qualify for government guarantees. The purpose was to extend credit to less and less creditworthy homeowners, not so that they might buy a house but so that they could cash out whatever equity they had in the house they already owned. — Michael Lewis

When you're a conservative Republican, you never think people are making money by ripping other people off," he said. His mind was now fully open to the possibility. "I now realized there was an entire industry, called consumer finance, that basically existed to rip people off. — Michael Lewis

Black people were viewed as a contagion. Redlining went beyond FHA-backed loans and spread to the entire mortgage industry, which was already rife with racism, excluding black people from most legitimate means of obtaining a mortgage. — Anonymous

The path is the goal. — Mahatma Gandhi

It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident. — Charles Ferguson

One lesson I got from Gandhi, 'Be the change you want to see,' haunts me. I just feel like I can't keep stomping around pointing the finger at BP when I am supporting the oil industry with my very own dollars and actions by buying their products, helping to pay their mortgage - plastic is from oil ... polyester, shower curtains. — Kristin Bauer Van Straten

After holding hearings to get input from Missourians, I led the fight to pass legislation that protects seniors from predatory lending in the mortgage industry. I stood up against efforts that would make it harder for seniors to vote, and battled telemarketers bent on defrauding seniors. — Claire McCaskill

Let us avoid debt as we would avoid a plague ... Let every head of every household see to it that he has on hand enough food and clothing, and, where possible, fuel also, for at least a year ahead ... Let every head of household aim to own his own home, free from mortgage. Let us again clothe ourselves with these proved and sterling virtues-honesty, truthfulness, chastity, sobriety, temperance, industry, and thrift; let us discard all covetousness and greed. — J. Reuben Clark

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

Unpleasant odor wafting from the subprime mortgage industry that Eisman had detected. These companies disclosed their ever-growing earnings, but not much else. One of the many items they failed to disclose was the delinquency rate of the home loans they were making. — Michael Lewis

In the subprime mortgage industry, bankers handed out iffy loans like candy at a parade because such loans meant revenue and, hence, bonuses for executives in the here-and-now. — Thomas Frank

What is a permanent loan but a mortgage upon the wealth and industry of the country? It is the only form of indebtedness, as experience has shown, by which heavy and durable encumbrance can be laid upon the community. — John C. Calhoun

Idea and experience will never coincide in the center; only through art and action are they united. — Johann Wolfgang Von Goethe