Guarantor Mortgages Quotes

With all our success and expensive vacations, our big houses and bigger mortgages and our brand-new cars - have we become so satiated that we're really a little miserable, feeling a little let down by the pursuit of material goods? And have we forgotten how to find simple, old-fashioned, down-to-earth happiness? ~ Jamie Cat Callan

The financial collapse of 2008 got its start with predatory mortgages, that weren't sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way. ~ Elizabeth Warren

We were taking out mortgages we couldn't afford because they were camouflaged to look as if we had a reasonable chance of paying them back. Banks then changed the bankruptcy laws so that we could not get out of our obligations once the rates changed. Lastly, they sold us back our own mortgages, shifting back to us any of the risk through our money-market accounts and pension funds. ~ Douglas Rushkoff

The immense and ever increasing sums which the state wrings from the people are never enough for it; it mortgages the income of future generations, and steers resolutely toward bankruptcy. ~ Peter Kropotkin

We believe democracy to be the only real guarantor of stability and we have sought to create a 'Jordanian model' that might also inspire others in our region. I wish democracy and peace to be my legacy to my people and the shield of generations to come. ~ King Hussein I

Democracy, loudly upheld as a cure for much of the ailing world, has proved no guarantor of political wisdom, even if it remains the least bad form of government. ~ Pankaj Mishra

I think Obama has redefined the Democratic Party. It used to be the party of acid, amnesty, and abortion, and now it's surrender, socialism, and subprime mortgages. ~ Ann Coulter

The "consumer loan" piles that Wall Street firms, led by Goldman Sachs, asked AIG FP to insure went from being 2 percent subprime mortgages to being 95 percent subprime mortgages. In a matter of months, AIG FP, in effect, bought $50 billion in triple-B-rated subprime mortgage bonds by insuring them against default. ~ Michael Lewis

One year I went as a pirate, but from then on I went as a hobo. It's a word you don't hear anymore. Along with 'tramp,' it's been replaced by 'homeless person,' which isn't the same thing. Unlike someone who was evicted or lost his house in a fire, the hobo roughed it by choice. Being at liberty, unencumbered by bills and mortgages, better suited his drinking schedule, and so he found shelter wherever he could, never a bum, but something much less threatening, a figure of merriment, almost. ~ David Sedaris

Everything that I've gone through since the end of 2010, from me finding out about my financial adviser stealing, mismanaging my money - that affected everything, from child support, mortgages, to me having to sell my properties, me being in and out of court trying to modify my child support. It's a lot to deal with at one time. ~ Terrell Owens

No. It is not acceptable that the 6 largest financial institutions in this country have assets of almost 10 trillion dollars, and issue half of the mortgages and two-thirds of the credit cards. That is too much wealth and power in the hands of a few. If Teddy Roosevelt were alive today he'd tell us to 'break them up.' And he'd be right. These huge banks must be broken up. ~ Bernie Sanders

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

No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages. ~ Thomas Sowell

but racism is about the power of a group and in America it's white folks who have that power. How? Well, white folks don't get treated like shit in upper-class African-American communities and white folks don't get denied bank loans or mortgages precisely because they are white and black juries don't give white criminals worse sentences than black criminals for the same crime and black police officers don't stop white folk for driving while white and black companies don't choose not to hire somebody because their name sounds white and black teachers don't tell white kids that they're not smart enough to be doctors and black politicians don't try some tricks to reduce the voting power of white folks through gerrymandering and advertising agencies don't say they can't use white models to advertise glamorous products because they are not considered "aspirational" by the "mainstream." So ~ Chimamanda Ngozi Adichie

Evidently there is no need for delay, no need for further study, if the government takes a loss and Wall Street makes a profit, but it is absolutely necessary to delay if homeowners might have a chance to cut their mortgages and stay in their homes. This is wrong, and it is time to fight back! ~ Elizabeth Warren

The traditional fixed-rate 30-year mortgages, which were once a majority of all mortgages, were no longer a majority during the housing boom, as ARMs and other "creative" ways of financing the purchase of a home grew rapidly to cope with soaring housing prices. Such innovative mortgages quickly went from being rare to becoming common, especially in places with very high housing costs. ~ Thomas Sowell

Step by step, place became property, property became a mortgage, and
mortgages became derivative investments. ~ Douglas Rushkoff

There are no moments more painful for a parent than those in which you contemplate your child's perfect innocence of some imminent pain, misfortune, or sorrow. That innocence (like every kind of innocence children have) is rooted in their trust of you, one that you will shortly be obliged to betray; whether it is fair or not, whether you can help it or not, you are always the ultimate guarantor or destroyer of that innocence. ~ Michael Chabon

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like. ~ Martin Feldstein

Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of what is called economic freedom. ~ Ludwig Von Mises

In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement. ~ Charles Duhigg

For too long, tricks and traps in mortgages, credit cards, and other financial transactions have stripped wealth from working families. ~ Jeff Merkley

Fannie and Freddie made two-thirds of all subprime mortgages. That is not a free market institution. That entity, along with the Fed printing too much money back in '03 and '04, caused the housing collapse. So we need to take free markets seriously. That means we have to put an end to all these tax credits and tax deductions and loopholes. ~ Dave Brat

The people that make this country work, the people who pay on their mortgages, the people getting up and going to work, striving in this recession to not participate in it, they're not the enemy. They're the people that hire you. They're the people that are going to give you a job. ~ Rush Limbaugh

THIS SCENE WAS REPEATED IN every previously uninhabited nook, elbow, spit, lot, and underpass throughout the foreclosed and abandoned suburbs and exurbs and trailer parks of America, now squatted by the millions who had walked out on mortgages, been foreclosed upon, or simply could no longer afford a fixed address. They were all lumped together by the media into a category called 'subprimes,' a less descriptive label, perhaps, than 'homeless,' but one that in this era of raw, rapacious capitalism gave all the information anyone needed: the credit rating of the men, women, and children who inhabited these Ryanvilles was subprime. ~ Karl Taro Greenfeld

Academic pedigree alone is no guarantor of useful knowledge and wisdom. ~ Robert Samuelson

These senior claims were supposed to be very low-risk; after all, how likely was it that a large number of people would default on their mortgages at the same time? The answer, of course, is that it was quite likely in an environment where homes were worth 30, 40, 50 percent less than the borrowers originally paid for them. So a lot of supposedly safe assets, assets that had been rated AAA by Standard & Poor's or Moody's, ended up becoming "toxic waste", worth only a fraction of their face value. ~ Paul Krugman

We're brainwashed with garbage idioms like "Big girls don't cry". Guys who "cry like a girl" are told to "man up". Or "she's crying like a baby", as if only babies cry, which makes no sense to me, given babies have the fewest problems out of all of us. They don't have mortgages or jury duty, and they get the fun end of the whole birthing situation. The mother is the one who is pushing and bleeding and tearing, and the baby basically just gets to jet down a water slide. I think the whole "crying like a baby" idiom should be reversed: what we should say about babies is "Jesus, that baby is crying like a grown-up! ~ Whitney Cummings

The idea was to reinvent mortgages by bundling thousands of them together as the backing for new and alluring securities that could be sold as alternatives to traditional government and corporate bonds - in short, to convert mortgages into bonds. ~ Niall Ferguson

There is an urgent need for mankind to recognise its Creator as this is the only guarantor for the survival of humanity ~ Mirza Masroor Ahmad

The idea, in the wake of the savings-and-loans disaster, was to spread risk outward from those immediately involved in lending to mortgage borrowers and to attract investors by turning mortgages into securities that offered a wide range of yield-risk profiles. And it worked. In 1980, 67 percent of American mortgages had been held directly on the balance sheets of depository banks. By the end of the 1990s, the risks involved in America's system of long-term, fixed interest, easy repayment mortgages were securitized and spread across a much wider segment of the financial system ~ Adam Tooze

Italy's youngsters complain, apparently, about having to live at home until they are 72 but that's because they spend all their money on suits and coffee and Alfa Romeos rather than mortgages. ~ Jeremy Clarkson

Everyone is driven by the need to fill their life with meaning. Sometimes this need is articulated clearly and then a purpose emerges and that leads to a sense of direction and a sense of mission. Most times it is not. So the void is filled with action. People have kids, gets mortgages, raise families, pay bills, go to work each day without asking why and then, some day, they die. Some times all this is enough. Many times it's not. Action fills the void nicely. Makes each day feel tiring. But without a sense of purpose. Without a sense of vision, it leads to a pattern of behavior that doesn't lead anywhere. Most times we die before we realize this of course. ~ David Amerland

Candidates who win while spending less than their opponents still usually have to spend quite a lot. While not a surefire guarantor of victory, a large war chest -even if not the largest-is usually a necessary condition. Money may not guarantee victory, but the lack of it usually guarantees defeat. Without large sums, there is rarely much of a campaign, as poorly funded 'minor' candidates have repeatedly discovered. ~ Michael Parenti

I'm asking Congress to pass my Zero Down Payment Initiative. We should remove the 3 percent down payment rule for first time home buyers with FHA-insured mortgages. ~ George W. Bush

I am asking my Attorney General to create a special unit of federal prosecutors and leading state attorneys general to expand our investigations into the abusive lending and packaging of risky mortgages that led to the housing crisis. This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans. ~ Barack Obama

The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages. ~ Mark Zandi