Mortgage Backed Securities Quotes

I've got a huge, huge position in mortgage-backed securities. I started accumulating them in 2009, when the market was really down and things were really scary. ~ Jeff Greene

Then resold their loans in bulk to Wall Street banks. The banks, in turn, bundled the loans into high-yielding residential mortgage-backed securities (RMBS) and sold them on to investors around the world, all eager for a few hundredths of a percentage point more return on their capital. Repackaged as collateralized debt obligations (CDOs), these subprime securities could be transformed from risky loans to flaky borrowers into triple-A rated investment-grade securities. ~ Niall Ferguson

Sometimes markets err big time. Markets erred when they gave America Online the currency to buy Time Warner. They erred when they bet against George Soros and for the British pound. And they are erring right now by continuing to float along as if the most significant credit bubble history has ever seen does not exist. Opportunities are rare, and large opportunities on which one can put nearly unlimited capital to work at tremendous potential returns are even more rare. Selectively shorting the most problematic mortgage-backed securities in history today amounts to just such an opportunity. ~ Michael Burry

If nobody can sell mortgage-backed securities based on trillions of dollars of unpayable instruments, there's a lot less risk in the overall system. ~ Elizabeth Warren

The major driver of economics is the equilibrium approach, which has taken various forms over the years. General equilibrium is the statement that all the different parts of the economy influence each other, even if it's remote, like mortgage-backed securities and their demands on automobiles. ~ Kenneth Arrow

And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market accounts were made up largely of these mortgage-backed securities. ~ Douglas Rushkoff

Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they were underwriting! ~ Douglas Rushkoff

My looks arent going to help me explain mortgage-backed securities. ~ Jenna Lee

We have new rules that give shareholders the ability to vote on executive compensation. We have new rules for asset-backed securities. We have new rules around credit rating agencies. ~ Mary Schapiro

We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank. ~ Adolf Hitler

Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: 'Account overdrawn. ~ Ayn Rand

Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses. ~ David Ignatius

Since the 1970S, financial innova­tions such as the securitisation of mortgage debt and the spreading of investment risks through the creation of derivative markets, all tacitly (and now, as we see, actually) backed by state power, have permitted a huge flow of excess liquidity into all facets of urbanisa­tion and built environment construction worldwide. ~ David Harvey

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

'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

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 nations slithered over the brink into the boiling cauldron of war without any trace of apprehension or dismay ... The nations backed their machines over the precipice not one of them wanted war, certainly not on this scale ~ David Lloyd George

The paid-off home mortgage has taken the place of the BMW as the status symbol of choice. ~ Dave Ramsey

When the hole was done they backed the machine up and turned it around and used the front bucket to push Keever into his grave, scraping him, rolling him, covering his body with dirt, until finally it fell over the lip and thumped down into the electric shadows. ~ Lee Child

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

What happened to the justice system and law when accusations and rumors are believed as truth instead of being proven with evidence? Rumors from sources, paid or bribed by rivals, are as much as lies when not backed up with credible evidence. - Kailin Gow, The New Justice ~ Kailin Gow

I know that in the United States we consume between 25 and 30 percent of the world's resources, whereas we comprise less than 5 percent of the world's population. That type of injustice has to be backed up by brute force. ~ Beatrice Ekwa Ekoko

You ever hear about that experiment an American journalist did in Moscow in the 1970s? He just lined up at some building, nothing special about it, just a random door. Sure enough, someone got in line behind him, then a couple more, and before you knew it, they were backed up around the block. No one asked what the line was for. They just assumed it was worth it. I can't say if that story was true. Maybe it's an urban legend, or a cold war myth. Who knows? ~ Max Brooks

Hermione launched herself forwards and started punching every inch of him that she could reach.
'Ouch - ow - gerroff! What the - ? Hermione - OW!'
"You - complete - arse - Ronald - Weasley!"
She punctuated every word with a blow: Ron backed away, shielding his head as Hermione advanced. ~ J.K. Rowling

The world is filled to suffocating. Man has placed his token on every stone. Every word, every image, is leased and mortgaged. We know that a picture is but a space in which a variety of images, none of them original, blend and clash. ~ Sherrie Levine

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

We've got the emPHAsis on the wrong sylLAble when it comes to crime in this country. The FBI says burglary and robbery cost U.S. taxpayers $3.8 billion annually. Securities fraud alone costs four times that. And securities fraud is nothing to the cost of oil spills, price-fixing, and dangerous or defective products. Fraud by health-care corporations alone costs us between $100 billion and $400 billion a year. No three-strikes-and-you're-out for these guys. Remember the S&L scandal? $500 billion. ~ Molly Ivins

Drunk were left alone in the graveyard. The priest looked down at the drunk disdainfully, and backed through the open door, which closed behind him, leaving the drunk on his own. The clockwork story was deeply unsettling. Much more unsettling, thought Shadow, than clockwork has any right to be. You know why I show that to you? ~ Neil Gaiman

I have an idea." Leo rose slowly to his feet. "Yeah? Will I like it?" Alex backed away. "Oh, I think so. It involves cuffs…." Leo grinned. "My kind of idea." Alex's eyes sparkled. "And you, chained to the bed." Another step back toward the door. Leo stilled. "Just to clarify something. Where do you feature in this plan?" "I'll be the one riding your dick," Alex replied hoarsely. "After my tongue has had its wicked way with your arse, of course." Fuck. The air was alive with sexual electricity. Leo was as hard as steel. "Get the cuffs from the toy box." Alex grinned. "They're already waiting on the bed." And with that he took off, dashing up the stairs, laughing. Leo wasn't far behind. ~ K.C. Wells

I got told so many times I needed a manager. For a long time I resisted, and I finally got one so I can pay my mortgage, and it helped me from becoming a homeless person. ~ Cat Power

He described the securities - called Abacus - to a girlfriend: I had some input into the creation of this product (which by the way is a product of pure intellectual masturbation, the type of thing which you invent telling yourself 'Well, what if we created a "thing," which has no purpose, which is absolutely conceptual and highly theoretical and which nobody knows how to price?').15 ~ John Kay

The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity. ~ Abdul Aziz Al Ghurair

An attachment grew up. What is an attachment? It is the most difficult of all the human interrelationships to explain, because it is the vaguest, the most impalpable. It has all the good points of love, and none of its drawbacks. No jealousy, no quarrels, no greed to possess, no fear of losing possession, no hatred (which is very much a part of love), no surge of passion and no hangover afterward. It never reaches the heights, and it never reaches the depths.

As a rule it comes on subtly. As theirs did. As a rule the two involved are not even aware of it at first. As they were not. As a rule it only becomes noticeable when it is interrupted in some way, or broken off by circumstances. As theirs was. In other words, its presence only becomes known in its absence. It is only missed after it stops. While it is still going on, little thought is given to it, because little thought needs to be.

It is pleasant to meet, it is pleasant to be together. To put your shopping packages down on a little wire-backed chair at a little table at a sidewalk cafe, and sit down and have a vermouth with someone who has been waiting there for you. And will be waiting there again tomorrow afternoon. Same time, same table, same sidewalk cafe. Or to watch Italian youth going through the gyrations of the latest dance craze in some inexpensive indigenous night-place-while you, who come from the country where the dance originated, only get up to do a sedate fox trot. It is even pleas ~ Cornell Woolrich

A reply dated 13 May finally arrived from the town clerk. Mr Mottershead could open the zoo subject to: 1) the type of animals being limited to those already described in previous correspondence; 2) the estate should not be used as an amusement park, racing track or public dance hall; and 3) no animals were to be kept within a distance of a hundred feet from the existing road.

This necessitated the purchase of an additional strip of land between the road and the estate, which would have to be securely enclosed, but which couldn't be used for animals. (First it was used as a children's playground and later became a self-service cafe.) Somehow my dad managed to get a further mortgage of £350 to pay for the land and fencing.

Of all the conditions, the most damaging in the long term was the last: the zoo was allowed 'no advertisement, sign or noticeboard which can be seen from the road above-mentioned'. Only a small sign at the entrance to the estate would be permitted, which meant the lodge, which was a good twenty-five yards from the road was completely invisible to any passing car. This would remain a problem for a very long time. For many years, the night before bank holidays, Dad and his friends would have to go out and hang temporary posters under the official road signs on the Chester bypass. The police turned a blind eye as long as they were taken down shortly afterwards. ~ June Mottershead

Most Americans think of Rosa Parks as a demur, pleasant-enough seamstress who backed into history by being too tired to get out of her seat on a bus one day, in reality she had been trained in nonviolence spirit and tactics at a famous institution, Highlander Folk School. It seems to be a difficult concept for most of us that peace is a skill that can be learned. We know war can be learned, but we seem to think that one becomes a peacemaker by a mere change of heart. (23) ~ Mahatma Gandhi

Desire backed by faith knows no such word as impossible. ~ Napoleon Hill

Wondering how I would make it through a hand-to-hand duel, I glanced around--and just then I saw one of Galdran's equerries fall from his saddle, his banner-spear spinning through the air toward me. Instinctively my free hand reached up and I caught the spear by the shaft. Ignoring the sting in my hand, I jammed my sword into its sheath and started whirling the spear round and round, making the banner snap and stream as my prancing, sidling horse circled round my brother. Horses turned their heads and backed away; no one was able to edge up and get in a good blow at Bran, who swayed in his saddle, his bad arm hanging limp. The warriors fell back, and no one swung at me.
Dimly I became aware of an ugly, harsh voice shouting over the crash and thuds of battle. Keeping the banner whirling, I guided my horse with my knees and risked a glance back over my shoulder--and looked straight into Galdran's rage-darkened face. He said something, spittle flying from his mouth, as he pointed straight at me.
A moment later a flicker of movement on my immediate left caused me to glance round. Shevraeth was there, next to me. "Fall back," he ordered, his voice sharp.
"No. Got to protect Bran--"
There was no time for more. The Marquis was beset by furious attackers as the King shouted orders from a short distance away. Then more riders appeared from somewhere, and for a moment everything was too chaotic to follow. I found myself suddenly on the edge of the battle; there were ~ Sherwood Smith

Six feet two inches tall and built like he could punch through solid walls and dodge a bullet at the same time, Jim projected a concentrated promise to kick your ass. It emanated from him like heat from a sidewalk. He never actually threatened you, but when he entered a room full of hard cases, bigger men backed off, because when he looked at them, they heard their bones breaking. ~ Ilona Andrews

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

I can say unequivocally that the boycott does not work. It's never complete enough to have impact unless it's backed by force, and I don't think anybody in America seriously proposes that. ~ Helen Suzman

Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all. ~ Robert Reich