Mortgage Quotes - Page 7

• In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break.

  Mark Zandi

  Giving, Stressed, Pay

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• 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

  Maturity, Years, Three

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• We no longer have a significant middle class in the US due to Barack Obama's job-killing ban on oil drilling in Zion Park. While a small middle class remains in the coastal blue states, our tax bill devastates them by curbing deductions for state and local taxes and large mortgages. In a few years, everyone except the 1% will be a tricklee.

  Gary Cohn

  Significant, Taxes, Middle Class

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• If I had a long-term partner, I dont think Id be an actor. Itd be too much of a strain; you have to work too hard to balance that life with a family and a mortgage and all that stuff - it would be too much.

  Rory McCann

  Thinking, Long, Balance

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• 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

  Home, Years, Levels

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• There is only one institution that can arrogate to itself the power legally to trade by means of rubber checks: the government. And it is the only institution that can mortgage your future without your knowledge or consent: government securities (and paper money) are promissory notes on future tax receipts, i.e., on your future production.

  Ayn Rand

  Mean, Government, Paper

  Ayn Rand (1988). “The Ayn Rand Lexicon: Objectivism from A to Z”, p.234, Penguin

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• Most people out there are just trying to keep their job and provide for their family. If climate change is now a once-in-a-mortgage problem, and if food prices start to spike, people will pay attention.

  David Titley

  Jobs, People, Trying

  "'Climate Change War' Is Not a Metaphor". Interview with Eric Holthaus, www.slate.com. April 18, 2014.

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• Generosity won't happen unless you make it a priority. The best way to make giving a priority is to make it the very first check you write every month. Before the mortgage. Before groceries or clothing. Before saving. Whatever the amount, do it first.

  Andy Stanley

  Writing, Generosity, Giving

  Source: paulsohn.org

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• First in point of time and interest comes the mortgage debt, i.e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.

  Edward Jenks

  Civilization, Debt, Tangible

  Edward Jenks (1922). “A Short History of English Law: From the Earliest Times to the End of the Year 1919”

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• I could remember the house on Lexington Street, where the mortgage hung over our heads almost as tangibly as the roof, and we still managed to enjoy life.

  Mary Deasy

  House, Enjoy Life, Remember

  Mary Deasy (1955). “The Boy who Made Good”

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• American business would be run better today if there was more alignment between CEOs' interest and the company. For example, would the financial crisis of 2008 have occurred if the CEO of Lehman and Morgan Stanley and Goldman and Citibank had to take a very small percentage of every mortgage-backed security... or every loan they made?

  Aubrey McClendon

  Running, Example, Would Be

  "Chesapeake Energy: Everything You Need To Know About The ‘World’s Biggest Fracker’". stateimpact.npr.org. May 29, 2012.

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• The single biggest stimulus to the economy are the unemployment benefits we're paying. These people go out and they spend the money. They go out and they have to get by to everything from paying their mortgage or buying food or just getting by. It has a significant impact on economic growth and the continuation of economic growth.

  Joe Biden

  Impact, People, Growth

  "Hardball" with Chris Matthews, www.nbcnews.com. November 19, 2010.

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• 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

  Country, War, Two

  "Don Cheadle Says President Obama Should Have Been More ‘Gangster,’ Clarifies Comments". www.huffingtonpost.com. December 30, 2011.

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• The only time I've ever taken out a loan is for the building work I had done at our house and I did that by extending the mortgage.

  Andrea McLean

  Taken, House, Done

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• 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

  Struggle, Order, Pay

  "Senate Submerged in Mortgage Scandal". "Hannity&Colmes" with Sean Hannity, www.foxnews.com. June 18, 2008.

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

  Jeff Merkley

  Long, Cards, Credit

  "Elizabeth Warren Is the Right Person for the Job" by Sen. Jeff Merkley, www.huffingtonpost.com. September 14, 2010.

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• Congress should just do its job and pass a transportation-infrastructure bill - a regular bill that doesnt borrow money and mortgage my future.

  Steve Stivers

  Jobs, Bills, Should

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

  Howard Warren Buffett

  Government, Investing, Spending

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime - Charlie Rose Interview". Interview with Charlie Rose, www.cnbc.com. October 1, 2008.

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• If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year. [...] And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about your income a little, or we'll give you 100 percent mortgage, you're going to do it, because everybody that's done it has been proven right. You have what they call social tools, and, you know, you're going to feel like an idiot if you didn't do it, because the house cost more.

  Howard Warren Buffett

  Lying, Thinking, Years

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime - Charlie Rose Interview". Interview with Charlie Rose, www.cnbc.com. October 1, 2008.

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• My opinion is that we must lend ourselves to others and give ourselves only to ourselves. If my will happened to be prone to mortgage and attach itself, I would not last: I am too tender, both by nature and by practice.

  Michel de Montaigne

  Self, Practice, Giving

  Michel de Montaigne (1976). “The Complete Essays of Montaigne”

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• I once got a call from a bank, asking me to compute a mortgage, since their computers were down. This was a very depressing moment.

  Richard A. Falk

  Depressing, Science, Asking

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• One lesson I got from Gandhi, 'Be the change you want to see,' haunts me. I just feel like I can't keep stomping around pointing the finger at BP when I am supporting the oil industry with my very own dollars and actions by buying their products, helping to pay their mortgage - plastic is from oil... polyester, shower curtains.

  Kristin Bauer van Straten

  Oil, Dollars, Lessons

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• The farmer after sacrificing pleasure, taste, freedom, thought, love, to his work, turns out often a bankrupt, like the merchant.This result might well seem astounding. All this drudgery, from cockcrowing to starlight, for all these years, to end in mortgages and the auctioneer's flag, and removing from bad to worse. It is time to have the thing looked into, and with a sifting criticism ascertained who is the fool.

  Ralph Waldo Emerson

  Sacrifice, Years, Criticism

  Ralph Waldo Emerson (1866). “The Complete Works of Ralph Waldo Emerson: Comprising His Essays, Lectures, Poems, and Orations”, p.301

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• The Germans made just about every bad investment you could have made in the last 10 years. They invested in Icelandic banks. They invested in Greek government bonds. They were heavy into Irish banks, big into Irish banks, and they bought U.S. subprime mortgage bonds.

  Michael Lewis

  Government, Greek, Investment

  "Michael Lewis’ 'Boomerang': 'Money Thrown Out in Hope, Coming Back in Anger'". "PBS NewsHour" with Jeffrey Brown, www.pbs.org. October 21, 2011.

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• Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt.

  Elizabeth Warren

  Real, Hard Work, Broken

  "Exclusive Interview: Elizabeth Warren Says Big Banks Must Stop Blocking Reform". Interview with Lynn Parramore, www.huffingtonpost.com. July 12, 2012.

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