Quotes About Mortgages

Leda, Lula and Rochelle had not been women like Lucy, or his Aunt Joan; they had not taken every reasonable precaution against violence or chance; they had not tethered themselves to life with mortgages and voluntary work, safe husbands and clean-faced dependants: their deaths, therefore, were not classed as 'tragic', in the same way as those of staid and respectable housewives.

The word adventurer is sometimes used pejoratively, suggesting that the adventurous person is immature or inauthentic, not really willing to "grow up" and "settle down" into a presumably monogamous lifestyle. We wonder: What's wrong with having adventures? Can't we have adventures and still raise children, buy houses, and do the work that's important to us? Of course we can; sluts qualify for mortgages just like everybody else.

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.

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.

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.

Government is promoting bad behavior... Do we really want to subsidize the losers' mortgages? This is America!

The securitization of mortgages was not new; its explosion after 2000 was the result of three deregulating policy decisions: the repeal in 1999 of America's Glass–Steagall Act of 1933

Then came the recession and the end of the Bush boom, and with it came the realization that we were all worker drones paying off our bloated mortgages, bloodsucking corporations and even each other- we are the dead

Out on the Savannah, our physiological responses were perfectly suited to deal with stressors (run from the big animals with big teeth). These days we can't just run from what drives up our anxiety and stress; mortgages, money problems, looking hot, relationships and deadlines. Evolution did not set us up to suffer Jurassic Park levels of stress, day in day out; that's the bitch of living at today's pace. Psychological

Genes often operate in bundled fashion, a bit like toxic mortgages.

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

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.

I do not function too well on emotional motivations. I am wary of them. And I am wary of a lot of other things, such as plastic credit cards, payroll deductions, insurance programs, retirement benefits, savings accounts, Green Stamps, time clocks, newspapers, mortgages, sermons, miracle fabrics, deodorants, check lists, time payments, political parties, lending libraries, television, actresses, junior chambers of commerce, pageants, progress, and manifest destiny.

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.

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

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.

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.

Sharia law allows up to four wives, cutting off the hand of a thief, beheading a woman caught in adultery, non-interest bearing 'Sharia compliant' mortgages, required clothing for females, etc. It's a far cry from the English common law, which was developed on Biblical principles.

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.

We also proposed limits on penalties imposed on borrowers who prepaid their mortgages.

Low-quality mortgages ended up imperiling the entire financial system—not so much because of the direct losses on the mortgages themselves, which were significant but likely manageable, but because of the securitization boom, which carved those mortgages into securities that became a ubiquitous form of currency and collateral throughout the system.

Steve's and my presentation proved wrong because we did not take into account the possibility that losses on subprime mortgages could ultimately destabilize both the U.S. and global financial systems.

But developing a cost-effective program, without being unfair to borrowers who had faithfully paid their mortgages, would take considerable time.

A quarter of homeowners would owe more on their mortgages than their homes were worth.