Mortgage Loans Quotes

Long Beach Savings was the first existing bank to adopt what was called the "originate and sell" model. This proved such a hit - Wall Street would buy your loans, even if you would not! - that a new company, called B&C mortgage, was founded to do nothing but originate and sell. ~ Michael Lewis

It was during my explanation to my young daughter that I finally realized why I had been drawn to this particular practice of law. Yes, some of my clients were just gaming the system. They were charlatans no better than the banks they were taking on. But some of mu clients were downtrodden and disadvantaged. They were true underdogs in society and I wanted to stand for them and keep them in their homes for as long as I possibly could. ~ Michael Connelly

The aim of promoting low down payments is to push prices back up so that fewer houses are going to be in negative equity and fewer people are going to walk away from the mortgages. That will save the from taking a loss on their junk mortgage loans. ~ Michael Hudson

The root assumption here is that neither party would nominate a man more than 20 percent different from the type of person most Americans consider basically right and acceptable. Which almost always happens. There is no potentially serious candidate in either major party this year who couldn't pass for the executive vice-president for mortgage loans in any hometown bank from Bangor to San Diego. We ~ Hunter S. Thompson

It is ludicrous to believe that asset bubbles can only be recognized in hindsight," he wrote. "There are specific identifiers that are entirely recognizable during the bubble's inflation. One hallmark of mania is the rapid rise in the incidence and complexity of fraud ... . The FBI reports mortgage-related fraud is up fivefold since 2000." Bad behavior was no longer on the fringes of an otherwise sound economy; it was its central feature. ~ Michael Lewis

The subprime mortgage machine was up and running again, as if it had never broken down in the first place. If the first act of subprime lending had been freaky, this second act was terrifying. Thirty billion dollars was a big year for subprime lending in the mid-1990s. In 2000 there had been $130 billion in subprime mortgage lending, and 55 billion dollars' worth of those loans had been repackaged as mortgage bonds. In 2005 there would be $625 billion in subprime mortgage loans, $507 billion of which found its way into mortgage bonds. ~ Michael Lewis

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

What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them. ~ Matt Taibbi

And I want to work with this Congress, to make sure Americans already burdened with student loans can reduce their monthly payments, so that student debt doesn't derail anyone's dreams. ~ Barack Obama

Some people save the boxes for electrical appliances because they think they can get more money for the appliances if they ever sell them. This, however, is a waste. If you consider the rent or mortgage you pay, turning your space into a storage shed for empty boxes costs you more than what you could earn selling an appliance in a box. You don't need to keep them for moving either. You can worry about finding suitable boxes when the time comes. It's a shame to let a boring box take up room in your house just because you might need it someday. ~ Marie Kondo

Dreams are all very well but are not known to pay the mortgage. ~ Auliq Ice

If you have to ask someone to change, to tell you they love you, to bring wine to dinner, to call you when they land, you can't afford to be with them. It's not worth the price, even though, just like the Tiffany catalog, no one tells you what the price is. You set it yourself, and if you're lucky it's reasonable. You have a sense of when you're about to go bankrupt. Your own sense of self-worth takes the wheel and says, Enough of this shit. Stop making excuses. No one's that busy at work. No one's allergic to whipped cream. There are too cell phones in Sweden. But most people don't get lucky. They get human. They get crushes. This means you irrationally mortgage what little logic you own to pay for this one thing. This relationship is an impulse buy, and you'll figure out if it's worth it later. ~ Sloane Crosley

I love the stage, but it doesn't pay the mortgage. ~ David Harewood

Countries with deficit don't want to pay the bill, and they want to get more loans, and countries with superiority, they don't want to help the countries with problems, and they just want them to tighten their belts. ~ Sebastian Pinera

In real markets, agents make bad choices. They are often ignorant, misinformed, and irrational. Yet, markets tend to punish agents for making bad choices, and they tend to learn from their mistakes. For instance, if you fail to pay your bills, your credit rating declines and you have a harder time getting loans. If you fail to do research and buy an unreliable car, you suffer from repair bills. In contrast, when people in government make bad choices, the political process almost never punishes them. Studies show that voters are terrible at retrospective voting - they do not know whom to blame for bad government - and so politicians are not punished for making bad choices. ~ Jason Brennan

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

Never work for a company that says people are its most important asset. If you wanted to get a mortgage and you said that your only asset was people you would end up living in a tent. ~ Guy Browning

How Wall Street investment banks somehow had conned the rating agencies into blessing piles of crappy loans; how this had enabled the lending of trillions of dollars to ordinary Americans; how the ordinary Americans had happily complied and told the lies they needed to tell to obtain the loans; how the machinery that turned the loans into supposedly riskless securities was so complicated that investors had ceased to evaluate risks; how the problem had grown so big that the end was bound to be cataclysmic and have big social and political consequences. ~ Michael Lewis

It was just a few million bucks to take us out of our misery, to pay off our loans. ~ Jessica Livingston

OK, whatever, I was taking out false loans ~ Joe

Even the once simple home mortgage now has so many flavors and styles and variations that it is difficult for people to make a decision. ~ Scott Cook

Part of Obamacare eliminated the private sector financial market that engages in giving college student loans. I mean, now the federal government has taken over college student loans, so I sit back and strategically look at this and say this just cannot be happening. ~ Allen West

I love business. I love helping urban communities grow. I love putting people to work of color. I love making sure.. like right now the whole mortgage crisis, I want to help people get back into their homes. ~ Magic Johnson

Stress is when you're 29 years old, playing for Rochdale, with an expiring contract and a mortgage to pay. ~ John Gregory

Is anyone in the U.S. innocent? Although those at the very pinnacle of the economic pyramid gain the most, millions of us depend - either directly or indirectly - on the exploitation of the LDCs for our livelihoods. The resources and cheap labor that feed nearly all our businesses come from places like Indonesia, and very little ever makes its way back. The loans of foreign aid ensure that today's children and their grandchildren will be held hostage. They will have to allow our corporations to ravage their natural resources and will have to forego education, health, and other social services merely to pay us back. The fact that our own companies already received most of this money to build the power plants, airports, and industrial parks does not factor into this formula. Does the excuse that most Americans are unaware of this constitute innocence? Uninformed and intentionally misinformed, yes - but innocent? ~ John Perkins

Choose us. Choose life. Choose mortgage payments; choose washing machines; choose cars; choose sitting oan a couch watching mind-numbing and spirit-crushing game shows, stuffing fuckin junk food intae yir mooth. Choose rotting away, pishing and shiteing yersel in a home, a total fuckin embarrassment tae the selfish, fucked-up brats ye've produced. Choose life. ~ Irvine Welsh

He invited me to keep my drum in his trunk," I explained as we reached him. Considering our new title, I thought it might help to remind him that this storage operation had been his idea, not mine.
"Oh," Will said, turning around with the fresh T-shirt in his hands. Glancing at Kaye and then back at me, he said, "You can't anymore, because of the flirting thing."
"Wait a minute." I didn't mean to raise my voice, especially not with Kaye standing there. But I felt baited and switched, so I lashed out. "I can understand why we shouldn't flirt anymore because of the title, but not why I can't leave my drum in your car. This is how it ends, after all our time together? What about the mortgage? What about the kids? ~ Jennifer Echols

The west has fiscalised its basic power relationships through a web of contracts, loans, shareholdings, bank holdings and so on. In such an environment it is easy for speech to be "free" because a change in political will rarely leads to any change in these basic instruments. Western speech, as something that rarely has any effect on power, is, like badgers and birds, free. In states like China, there is pervasive censorship, because speech still has power and power is scared of it. We should always look at censorship as an economic signal that reveals the potential power of speech in that jurisdiction. ~ Julian Assange

This wasn't just another company - this was the biggest company by far making subprime loans. And it was engaged in just blatant fraud. They should have taken the CEO out and hung him up by his fucking testicles. ~ Michael Lewis

The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults. ~ Michael Hudson

The market might have learned a simple lesson: Don't make loans to people who can't repay them. Instead it learned a complicated one: You can keep on making these loans, just don't keep them on your books. Make the loans, then sell them off to the fixed income departments of big Wall Street investment banks, which will in turn package them into bonds and sell them to investors. ~ Michael Lewis

China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks. ~ Virginia Foxx

Restraining, saving, assuring your checkbook balance ... what does all taht amount to? If I go broke one day I'll just take out loans ~ Novala Takemoto

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

As much as we wish God would transfer his focus to more external and circumstantial matters, such as restored health, mortgage payments, and career transitions, God is primarily interested in pulling off an inside job. God is certainly at work all around us, but his primary transforming work is aimed at our minds and hearts. ~ Ramon L. Presson

American banks may have been unable to supply adequate loans, but the Rothschild consortium in Britain was both able and willing. It was during this time that the Rothschilds were consolidating their new industrial holdings in the United States through their agent, August Belmont. Derek Wilson tells us: "They owned or had major shareholdings in Central American ironworks, North American canal construction companies, and a multiplicity of other concerns. They became the major importers of bullion from the newly discovered goldfields". ~ G. Edward Griffin

What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations. ~ James Chanos

If you are stuck in circumstances in which it takes Herculean efforts to get through the day - doing low-income work, obeying an authoritarian boss, buying clothes for the children, dealing with school issues, paying the rent or mortgage, fixing the car, negotiating with a spouse, paying taxes, and caring for older parents - it is not easy to pay close attention to larger political issues. Indeed you may wish that these issues would take care of themselves. It is not a huge jump from such a wish to become attracted to a public philosophy, spouted regularly at your job and on the media, that economic life would regulate itself automatically if only the state did not repeatedly intervene in it in clumsy ways. Now underfunded practices such as the license bureau, state welfare, public health insurance, public schools, public retirement plans, and the like begin to appear as awkward, bureaucratic organizations that could be replaced or eliminated if only the rational market were allowed to take care of things impersonally and quietly, as it were. Certainly such bureaucracies are indeed often clumsy. But more people are now attracted to compare that clumsiness to the myth of how an impersonal market would perform if it took on even more assignments and if state regulation of it were reduced even further. So a lot of "independents" and "moderates" may become predisposed to the myth of the rational market in part because the pressures of daily life encourage them to seek comfort i ~ William E. Connolly

On the other hand, others felt that the world was a state of probation where material goods were to be used in a spirit of stewardship, as loans from the Almighty, and where the main work of life is loving devotion to God and to man. ~ Alan W. Watts

When we aren't obligated to each other then we are more valuable. The couple who celebrates a marriage anniversary are only saying they have chosen appearances over choices. It's about like celebrating your mortgage every year. Hur-fucking-ray, you've fulfilled your contract again. How bloody romantic. ~ Sarah Noffke

We simply can't keep providing money from the federal government in the form of subsidized or actual loans and Pell Grants when we don't have the money. ~ John Kline

My mortgage isn't getting any cheaper and I can't run that Ferrari on faith alone," Reverend Jones said. "Don't get me wrong, the Big Man upstairs does what he can but I've never once seen him filling up the tank of my car. ~ Mark Jackman

Monstrous wars that had killed tens of thousands of innocent people weren't enough to inspire enlightened self-interest. Tiny loans, on the other hand, were. Money has no religion. ~ Bob Harris

I'm a neurotic Jew who doesn't want loans. I can't even carry a balance on my credit card without having a nervous breakdown. ~ Duff Goldman

President Obama inherited a broken country mired in two wars, a financial crisis, a mortgage mess and more than we all probably even know about and has in my opinion brought us back from the brink. But I still see my friends in no better shape and the gap widening. ~ Don Cheadle

We reward people for making money off money, and moving money around and dividing up mortgages a thousand times over, selling it to China ... and it becomes this shell game. ~ Michael Moore

I'd love it if doors open for me in America. There are directors I'd love to work with there. I'll always do theater, but I've got to pay the mortgage. ~ Lesley Manville

hall?" "As I've told the mayor several times, we're only permitted to speak with those directly involved with the loan itself," Nate replied. "But I know you won't take no for an answer, so I'll fill you in. City council has requested an unusually large amount of loans this year, and we're just trying to make sure we're spreading the wealth fairly." "Has there been a delay of payments on any of the other policies?" Emmett shot back, clearly displeased with Nate's response. "No, that's not it at all. We haven't denied the loan yet, ~ Jennifer Grayson

Even today, the suburbs remain such an illogical system of living that they require immense subsidy in order to function (and they still function poorly). For the privilege of enduring traffic, air pollution, isolation, and monotony, Americans subsidize the suburbs to the tune of $100 billion a year. Without massive highway funding as well as fuel and mortgage subsidies, the suburbs could not exist. These subsidies to the suburbs have given us the twin illusions that the American city was in some sort of natural tailspin for decades and that the suburbs are inherently more desirable, when in reality the suburbs are just better funded. ~ P.E. Moskowitz

The dirty little secret is that the pool man, who's making $30,000 a year, is subsidizing the million-dollar mortgage for the family whose pool he cleans. No wonder people want to get rid of tax breaks for corporate jets. ~ Dee Dee Myers

Oil now, as a result of the Saudi production, is priced so low that there are not going to be new fracking investments made. A lot of companies that have gone into fracking are heavily debt-leveraged, and are beginning to default on their loans. The next wave of defaults that banks are talking about is probably going to be in the fracking industry. When the costs of production are so much more than they can end up getting for the oil, they just stop producing and stop paying their loans. ~ Michael Hudson