Quotes About Mortgages

Two years later, to provide some competition in the secondary market, the Federal Home Loan Mortgage Corporation (Freddie Mac) was set up. The effect was once again to broaden the secondary market for mortgages, and in theory at least to lower mortgage rates.

The S&Ls were simultaneously losing money on long-term fixed-rate mortgages, because of inflation, and haemorrhaging deposits to higher-interest money market funds.

For the majority of mortgages continued to enjoy an implicit guarantee from the government-sponsored trio of Fannie, Freddie or Ginnie, meaning that bonds which used those mortgages as collateral could be represented as virtually government bonds, and hence 'investment grade'.

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.

If defaults on mortgages were uncorrelated, then the BISTRO structure should be safe for mortgage risk, but if they were highly correlated, it might be catastrophically dangerous. Nobody could know. Duhon

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.

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

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

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.

What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down home prices for responsible homeowners.

The wit of man," said Democratic Congressman George Pendleton of Ohio, "has never discovered a means by which paper currency can be kept at par value, except by its speedy, cheap, certain convertibility into gold and silver." If this bill passed, "prices will be inflated . . . incomes will depreciate; the savings of the poor will vanish; the hoardings of the widow will melt away; bonds, mortgages, and notes—everything of fixed value—will lose their value.

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.

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.

You see, life's all about possibilities. Opportunities are everywhere, except most people are locked into rigid routines and mortgages and clipping coupons and aren't even looking. But I see possibilities in everything: tangible objects, memories, thin air. It's at once a blessing and a curse.

To give my characters a real, or at least a convincing, life demanded more space. Did giving them a domestic dimension mean pressing the pause button in order to relate the dull routines of mortgages, electric bills, children's ailments and traffic jams? No, that is not the way to treat your readers unless you just don't care about them; and in that case you should be writing literary novels.

Subprime mortgages, typically defined as those issued to borrowers with low credit scores, make up roughly the riskiest one-third of all mortgages.

Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.

Still, I wonder if more women artists, musicians and writers aren't household names because we don't have enough faith in our own pursuits to give ourselves the time we desperately need to be transformed by a creative vision. Maybe that glass ceiling isn't really made of glass at all, but of sticky little fingers, dishes piled in the sink, and mortgages that demand two incomes.

In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into different-rated slices rated by agencies like S&P and Moody's. They had names like Park Place and People's Choice. It was clear to me that many of the buyers of these repackaged subprime mortgages were doing little analysis.

Experiences are mortgages on life

He missed being broke, because when he had nothing he owed nothing and most of his classmates were in the same boat. Now that he had an income he worried constantly about mortgages, the overhead, credit cards, and realizing the American dream of becoming affluent. Not wealthy, just affluent.

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.