Quotes About Mortgages

#1. To the extent that people overpay as a result of the Libor manipulation, they should be able to get their money back. Individuals who have mortgages, pension funds who had pensioner investments - whoever was ripped off is entitled to get their money back.

Peter Welch

#2. Millions of Americans are struggling to pay their mortgages. They have a right to know whether members of Congress receive sweetheart deals in order to pay for theirs.

Jeb Hensarling

#3. No other facet of American business is more corrupt, more intoxicated with illegality, more weakly regulated, and has a greater impact on poor and working people than debt collectors; not credit card companies or subprime mortgages, not even payday lenders.

Gary Weiss

#4. There have been a lot of critiques of the finance industry's having possibly foisted subprime mortgages on unknowing buyers, and a lot of those kinds of arguments are even more powerful when used against college administrators who are probably in some ways engaged in equally misleading advertising.

Peter Thiel

#5. 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

#6. And if you like 14.4 percent unemployment, if you like the fact that 70 percent of home mortgages in Nevada are underwater, then stay the course. Vote for Harry Reid.

John Cornyn

#7. In our equities business, 49 of the 50 most important Lehman clients are back doing business with us. The flows are 75 to 80 per cent of what they were prior to the bankruptcy. The issues which damaged Lehman were around commercial mortgages and illiquid private equity assets.

Bob Diamond

#8. Bankers make money, too, but I'm not running up into Chase and throwing milk shakes at the homie selling subprime mortgages.

Eddie Huang

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

Jeff Merkley

#10. 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

#11. Fannie Mae and Freddie Mac buy mortgages from banks and other lenders, providing those financial institutions with capital to make new loans.

Charles Duhigg

#12. An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.

Robert Kiyosaki

#13. Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.

Janet Yellen

#14. We went into a recession in 2008 because of gasoline prices. The bubble burst in housing because people couldn't pay their mortgages because of $4 a gallon gasoline.

Rick Santorum

#15. When the Federal government buys the mortgages, they're not spending it, they're investing it.

Howard Warren Buffett

#16. The one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil.

Jeff Bezos

#17. The president says, 'There is lots of people worse off than the Farmers.' I don't know who it could be unless it is the fellow who holds the Mortgages on the Farms.

Will Rogers

#18. 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

#19. When people are frightened about going hungry and paying their mortgages, a scarcity model begins to prevail; they fear someone else will get their piece of the pie.

Barbara Kingsolver

#20. When people have problems with their mortgages and jobs many feel they're a failure, they didn't work hard enough or speak well enough: It's their fault things are going so bad. When they see their bodies right there [at occupations], we have something profoundly in common.

Haskell Wexler

#21. We cry for mercy to the next amusement, The next amusement mortgages our fields

Edward Young

#22. I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

Christina Romer

#23. 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

#24. Ladies and babies, and mortgages, for that matter, can all wait. Acting has done a strange thing to me, though. I often sit there, thinking, 'I love this, but I wouldn't put my daughter on the stage.'

Eddie Redmayne

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

Charles Duhigg

#26. The credit crunch was based on a climate (the post-Cold War victory party of free-market capitalism), a problem (the sub-prime mortgages), a mistake (the mathematical models of risk) and a failure, that of the regulators.

John Lanchester

#27. And people who have kids, people with husbands and jobs and mortgages, don't much want to hear about other people's paintings.

Michele Young-Stone

#28. We must fundamentally restructure our student loan program. It makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages.

Bernie Sanders

#29. 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

#30. And I think we need a combination of a freeze, potentially, and also we need to sit down with the - with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out, because it's absolutely imperative that we keep people in their homes.

Debbie Wasserman Schultz

#31. I think the millions of people who had been able to renegotiate their mortgages so they are paying lower interest rates are better off.

David Axelrod

#32. The federal government ... announced a plan to spend, like, a trillion of taxpayer dollars to buy out bad mortgages and debt. Wall Street was surprisingly enthusiastic about the plan to save their (butts) with other peoples' money. It was either that, or Sarah Palin's idea to sell it all on eBay.

Bill Maher

#33. We "activate a physiological system that has evolved for responding to acute physical emergencies," Sapolsky writes, "but we turn it on for months on end, worrying about mortgages, relationships, and promotions.

Paul Tough

#34. The same with the mortgage brokers that were selling people mortgages they couldn't afford. We shouldn't pay them on each mortgage they write. They should have what they call "skin in the game," where they've got to reimburse us if the guy who sold the mortgage defaults.

Richard Thaler

#35. Because reverse mortgages do not require borrowers to make immediate repayments, the interest charges are added to the debt every day, and the total amount owed grows over time.

Charles Duhigg

#36. As the United States has become an older nation, reverse mortgages have grown into a $20-billion-a-year industry, with elderly homeowners taking out more than 132,000 such loans in 2007, an increase of more than 270 percent from two years earlier.

Charles Duhigg

#37. 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

#38. Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.

Thomas Sowell

#39. 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

#40. 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

#41. Consumers get used to reading and understanding their credit card contracts, their mortgages, their check overdraft agreements, those are good things. That puts power back in the hands of consumers.

Elizabeth Warren

#42. 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

#43. Professional writers don't have muses; they have mortgages.

Larry Kahaner

#44. Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.

Franklin Raines

#45. Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.

Douglas Rushkoff

#46. Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.

Mark Zandi

#47. 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

#48. 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

#49. when I ran mortgages, I religiously took people from the back office. At first I did it for moral reasons. But it worked. They appreciated it. They didn't feel like the world owed them a living. They were more loyal.

Michael Lewis

#50. When you think that most of us are doomed by divine grace to roast in hell, to say nothing of mortgages and hail and bad crops and extravagant womenfolks, 'tain't any laughing matter!

Sinclair Lewis

#51. If you don't talk about families, then it's easy to disembody subprime mortgages and asset securitization and unemployment rates without remembering that every one of those numbers is a million families.

Elizabeth Warren

#52. 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

#53. People who can't afford their mortgages and have to renegotiate with the bank or something gets repossessed after you worked your whole life. You follow the rules and you do the right thing and you still get screwed. That's what I think a lot of Americans are.

Seth Gordon

#54. I spent a lot of time writing about tax and pensions and mortgages.

Paula Hawkins

#55. Step by step, place became property, property became a mortgage, and
mortgages became derivative investments.

Douglas Rushkoff

#56. No man deserves a woman like that. He mortgages his very soul to win her and spends his life paying off the debt.

Tessa Dare

#57. 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

#58. Kids shouting and skidding in the playground with no idea what future Hells awaited them: boring jobs and ruinous mortgages and bad marriages and hair loss and hip replacements and lonely cups of coffee in an empty house and a colostomy bag at the hospital.

Donna Tartt

#59. The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure that households could find mortgages at low interest rates even during the worst phase of the financial panic.

Mark Zandi

#60. I have to be invested spiritually, emotionally, and psychologically to do theater. I can't do it to make a living. I have four kids, a couple of grandkids, and two mortgages.

Ruben Santiago-Hudson

#61. What I want people to know is I went to Wall Street before the crash. I was the one saying you're going to wreck the economy because of these shenanigans with mortgages. I called to end the carried interest loophole that hedge fund managers enjoy. I proposed changes in CEO compensation.

Hillary Clinton

#62. Fannie Mae has traditionally only bought and sold mortgages. But when a loan held by the company goes into foreclosure, Fannie Mae gains ownership of the underlying property until it is resold to new investors.

Charles Duhigg

#63. 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