Foreclosures Quotes

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years. ~ Alan Greenspan

It's Obama's bad luck that he got elected just as the mayhem of the foreclosures, the banking collapse, and the General Motors disaster was accelerating the surge in unemployment to warp speed. ~ Tina Brown

Today's misery is real unemployment, home foreclosures and bankruptcies. This is the Obama Misery Index and its at a record high. Its going to take more than new rhetoric to put Americans back to work - its going to take a new president. ~ Mitt Romney

It's time to pull the bandage off America's foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed. ~ Mark Zandi

After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely. ~ Thomas Sowell

We don't have to guess what Mitt Romney would have done if he were president. Because he told us. He said we should let foreclosures - and I quote - 'hit the bottom' so the market could - I quote - 'run its course.' ~ Kamala Harris

Myth: US housing market is in recovery. Fact: Big banks have been hiding their bloated home inventory, seized by virtue of home foreclosures. ~ Ziad K. Abdelnour

If you count all forms of involuntary displacement - formal and informal evictions, landlord foreclosures, building condemnations - you discover that between 2009 and 2011 more than 1 in 8 Milwaukee renters experienced a forced move. ~ Matthew Desmond

I am now 33 years old, and it feels like much time has passed and is passing faster and faster every day. Day to day I have to make all sorts of choices about what is good and important and fun, and then I have to live with the forfeiture of all the other options those choices foreclose. And I'm starting to see how as time gains momentum my choices will narrow and their foreclosures multiply exponentially until I arrive at some point on some branch of all life's sumptuous branching complexity at which I am finally locked in and stuck on one path and time speeds me through stages of stasis and atrophy and decay until I go down for the third time, all struggle for naught, drowned by time. It is dreadful. But since it's my own choices that'll lock me in, it seems unavoidable
if I want to be any kind of grownup, I have to make choices and regret foreclosures and try to live with them. ~ David Foster Wallace

One in two recently evicted mothers reports multiple symptoms of clinical depression, double the rate of similar mothers who were not forced from their homes. Even after years pass, evicted mothers are less happy, energetic, and optimistic than their peers. When several patients committed suicide in the days leading up to their eviction, a group of psychiatrists published a letter in Psychiatric Services, identifying eviction as a "significant precursor of suicide." The letter emphasized that none of the patients were facing homelessness, leading the psychiatrists to attribute the suicides to eviction itself. "Eviction must be considered a traumatic rejection," they wrote, "a denial of one's most basic human needs, and an exquisitely shameful experience." Suicides attributed to evictions and foreclosures doubled between 2005 and 2010, years when housing costs soared. ~ Matthew Desmond

I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures. ~ Henry Paulson

In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community. ~ Henry Paulson

While rising delinquencies and foreclosures will continue to weigh heavily on the housing market this year, it will not cripple the U.S. ~ Ben Bernanke

It's like, hmm, there's people with $2000 weaves that could have bought health care with that weave money. They don't have insurance. People want what they want. And I guess that is a reason we have this big credit card problem and a lot of these foreclosures. ~ Chris Rock

Because when we think about the real facts: 44 million Americans without health insurance, millions without jobs, a 50-year high on mortgage foreclosures, an historic high the third year in a row on personal bankruptcies. ~ Chaka Fattah