U.s. Mortgage Quotes & Sayings

Consequently, the town remained the same size for over 150 years. Its primary reason for existence was government. What saved it from becoming another grubby little Alabama community was that Maycomb's proportion of professional people ran high: one went to Maycomb to have his teeth pulled, his wagon fixed, his heart listened to, his money deposited, his mules vetted, his soul saved, his mortgage extended. — Harper Lee

The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. — Mark Zandi

He gave Evan a glance. "Unless you want to do something else."
"That's a line? Seriously?"
"I have to use lines now? We share a mortgage, dude. Get upstairs, take a shower, and come to bed naked. Jesus. — Tere Michaels

Including the differential mortgage loan approval rates between Asian Americans and whites shows that the same methods to conclude that that blacks are discriminated against in mortgage lending would also lead to the conclusion that whites are discriminated against in favor of Asian Americans, reducing this whole procedure to absurdity, since no one believes that banks are discriminating against whites ... [W]hen loan approval rates are not cited, but loan denial rates are, that creates a larger statistical disparity, since most loans are approved. Even if 98 percent of blacks had their mortgage loan applications approved, if 99 percent of whites were approved than by quoting denial rates alone it could be said that blacks were rejected twice as often as whites. — Thomas Sowell

Most people are motivated by the economy. And if you've lost your job, lost your mortgage, lost your 401(k), you're angry. And if your brother-in-law has lost one of those you're angry still. And when you're angry you take it out on people who are in office. Which is natural. — Ed Rendell

There was more than one way to think about Mike Burry's purchase of a billion dollars in credit default swaps. The first was as a simple, even innocent, insurance contract. Burry made his semiannual premium payments and, in return, received protection against the default of a billion dollars' worth of bonds. He'd either be paid zero, if the triple-B-rated bonds he'd insured proved good, or a billion dollars, if those triple-B-rated bonds went bad. But of course Mike Burry didn't own any triple-B-rated subprime mortgage bonds, or anything like them. He had no property to "insure" it was as if he had bought fire insurance on some slum with a history of burning down. To him, as to Steve Eisman, a credit default swap wasn't insurance at all but an outright speculative bet against the market - and this was the second way to think about it. — Michael Lewis

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans. — Michael Hudson

Every radish I ever pulled up seemed to have a mortgage attached to it. — Ed Wynn

The Germans made just about every bad investment you could have made. They invested in Icelandic banks. They invested in Greek government bonds. They were heavy into Irish banks, big into Irish banks, and they bought U.S. subprime mortgage bonds. — Michael Lewis

Think & Grow Finance is a Melbourne based mortgage broking business. It provides you all type of financial help at any time. — Parveen Kumar

When all our needs are met and all is well in our lives, we tend to take credit for what we have, to feel that we carry our own loads. We work hard to earn the money we need to buy food and clothes, pay our rent or mortgage. But even the hardest-working individual owes all he earns to God's provision. Moses reminded Israel that God "is giving you power to make wealth" (Deut. 8:18). — John F. MacArthur Jr.

Especially if you're over 40, shortening the term of your loan to pay it off sooner could make you mortgage-free in retirement. — Barbara Corcoran

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

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 the Federal government buys the mortgages, they're not spending it, they're investing it. — Howard Warren Buffett

The people in a position to resolve the financial crisis were, of course, the very same people who had failed to foresee it: Treasury Secretary Henry Paulson, future Treasury Secretary Timothy Geithner, Fed Chairman Ben Bernanke, Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO John Mack, Citigroup CEO Vikram Pandit, and so on. A few Wall Street CEOs had been fired for their roles in the subprime mortgage catastrophe, but most remained in their jobs, and they, of all people, became important characters operating behind the closed doors, trying to figure out what to do next. With them were a handful of government officials - the same government officials who should have known a lot more about what Wall Street firms were doing, back when they were doing it. All shared a distinction: They had proven far less capable of grasping basic truths in the heart of the U.S. financial system than a one-eyed money manager with Asperger's syndrome. — Michael Lewis

You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system. — Jamie Dimon

Why, for example, wasn't AIG required to reserve capital against them? Why, for that matter, were Moody's and Standard & Poor's willing to bless 80 percent of a pool of dicey mortgage loans with the same triple-A rating they bestowed on the debts of the U.S. Treasury? Why didn't someone, anyone, inside Goldman Sachs stand up and say, "This is obscene. The rating agencies, the ultimate pricers of all these subprime mortgage loans, clearly do not understand the risk, and their idiocy is creating a recipe for catastrophe"? — Michael Lewis

If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder. — Jamie Dimon

Because a promise is a promise, Officer Cavatone, and civilization is just a bunch of promises, that's all it is. A mortgage, a wedding vow, a promise to obey the law, a pledge to enforce it. And now the world is falling apart, the whole rickety world, and every broken promise is a small rock tossed at the wooden side of its tumbling form. — Ben H. Winters

Mortgage securities. Pooled together from thousands of mortgages around the United States, these bonds are issued by agencies like the Federal National Mortgage Association ("Fannie Mae") or the Government National Mortgage Association ("Ginnie Mae"). However, they are not backed by the U.S. Treasury, so they sell at higher yields to reflect their greater risk. Mortgage bonds generally underperform when interest rates fall and bomb when rates rise. (Over the long run, those swings tend to even out and the higher average yields pay off.) Good mortgage-bond funds are available from Vanguard, Fidelity, and Pimco. But if a broker ever tries to sell you an individual mortgage bond or "CMO," tell him you are late for an appointment with your proctologist. — Benjamin Graham

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. — Mark Zandi

adulthood's full of ghosts." "I'm sorry, I'm not sure I quite - " "I'm talking about these people who've ended up in one life instead of another and they are just so disappointed. Do you know what I mean? They've done what's expected of them. They want to do something different but it's impossible now, there's a mortgage, kids, whatever, they're trapped. Dan's like that." "You don't think he likes his job, then." "Correct," she said, "but I don't think he even realizes it. You probably encounter people like him all the time. High-functioning sleepwalkers, essentially." What — Emily St. John Mandel

You have to have a certain single-mindedness if you want to reach the top of the profession, and I'm not sure if I've got that cold-eyed egomania that perhaps is needed to get to the top. So as long as I can keep paying the mortgage and keep myself interested, I'll be happy. — David Harewood

'Bush v. Gore' gave us a president who lost the popular vote, eventually appointed two more justices, and led us into a war of choice while failing to regulate a financial system dependent on toxic mortgage-backed derivatives. — Marvin Ammori

ran - at separate times - a boutique investment banking firm and a small mortgage company. He served as the Treasurer for the multinational vitamin manufacturer USANA Health Sciences years before becoming CFO for MonaVie. Devin squeezed in two brief stints in government, including two years working for Jake Garn on the U.S. Senate Banking Committee Staff and another year working for an independent state agency called USTAR, where he helped foster technology entrepreneurship during Governor Jon Huntsman's administration. Devin is proud to be a Ute, having graduated from the University of Utah David Eccles School of Business, which recognized him as a Distinguished Alum in 2006. He also earned an MBA at Cornell University where he ran the student newspaper, Cornell Business. — Devin D. Thorpe

SOAP is like a mortgage while REST is like borrowing $10 from a friend. — Anonymous

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

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

Congratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt. — Robert Kiyosaki

Once you get the kids raised and the mortgage paid off and accomplish what you wanted to do in life, there's a great feeling of: 'Hey, I'm free as a bird.' — Dick Van Dyke

Therefore, to you, and to the fifty governors, I have a request. Please, do not send me politicians. We do not have the time to do the things that must be done through that process. I need people who do real things in the real world. I need people who do not want to live in Washington. I need people who will not try to work the system. I need people who will come here at great personal sacrifice to do an important job, and then return home to their normal lives. I want engineers who know how things are built. I want physicians who know how to make sick people well. I want cops who know what it means when your civil rights are violated by a criminal. I want farmers who grow real food on real farms. I want people who know what it's like to have dirty hands, and pay a mortgage bill, and raise kids, and worry about the future. I want people who know they're working for you and not themselves. That's what I want. That's what I need. I think that's what a lot of you want, too. — Tom Clancy

I'm not going to mortgage the Eagles' future for Marcus Mariota. — Chip Kelly

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

I love money, and I love movement. I like what it has let me do for my family. I have paid off my mum and dad's mortgage, I've bought them two BMWs, they can have anything they want. I am buying a fleet of cars for myself. I have unemployed my sisters, they don't need to work, don't need to worry about a thing. — Conor McGregor

See that's where you're wrong baby. When you find your man, it's almost too easy. Gettin' married and havin' a mortgage, kids and a business to run and findin' a way to stay in love day in day out, that's the tougher part. But the beginning' ... that parts easy as pie. That's why they call it fallin' because it happens before you have time to stop yourself. — Rachel Hollis

As slaves we were this country's first windfall, the down payment on its freedom. After the ruin and liberation of the Civil War came Redemption for the unrepentant South and Reunion, and our bodies became this country's second mortgage. In the New Deal we were their guestroom, their finished basement. And today, with a sprawling prison system, which has turned the warehousing of black bodies into a jobs program for Dreamers and a lucrative investment for Dreamers; today, when 8 percent of the world's prisoners are black men, our bodies have refinanced the Dream of being white. Black life is cheap, but in America black bodies are a natural resource of incomparable value. — Ta-Nehisi Coates

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

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

God sent the Egyptians ten plagues that became increasingly harder, one after the other, starting with blood, and ending with the death of the first born. Similarly, debt sometimes starts with charging just a couple of extra dollars to our credit cards when we want something we can't afford to pay cash for. Before long, it might turn into a second mortgage on our house. Debt can kill our future and take our house with it. — Celso Cukierkorn

Poverty is not a mortgage on the labor of others-misfortu ne is not a mortgage on achievement-fai lure is not a mortgage on success-sufferi ng is not a claim check, and its relief is not the goal of existence-man is not a sacrificial animal on anyone's altar nor for anyone's cause-life is not one huge hospital. — Ayn Rand

No man can mortgage his injustice as a pawn for his fidelity. — Edmund Burke

so maybe a fairer way of putting this would be to say that adulthood's full of ghosts." "I'm sorry, I'm not sure I quite - " "I'm talking about these people who've ended up in one life instead of another and they are just so disappointed. Do you know what I mean? They've done what's expected of them. They want to do something different but it's impossible now, there's a mortgage, kids, whatever, they're trapped. — Emily St. John Mandel

I think there were bad actors in the government and bad actors in the finance, mortgage, markets industries that need to be called out and held accountable. — Hillary Clinton