Mark Zandi Quotes - Page 2

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• Yes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.

  Mark Zandi

  Thinking, Would Be, Taxes

  "Fox News Sunday With Chris Wallace", www.foxnews.com. August 15, 2010.

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• A home is still the biggest asset that most Americans own.

  Mark Zandi

  Home, Assets, Stills

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• In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

  Mark Zandi

  Thinking, Differences, Normal

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• At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.

  Mark Zandi

  Technology, Thinking, Imbalance

  Source: www.washingtonpost.com

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• Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

  Mark Zandi

  Fall, Home, Knives

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• Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

  Mark Zandi

  Running, Home, Past

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• I've done work for both Democrats and Republicans.

  Mark Zandi

  Done, Republican, Democrat

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• I only have two things in my life, my family and work. If there's any time left over, then I play sports.

  Mark Zandi

  Sports, Play, Two

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• Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.

  Mark Zandi

  Would Be, Debt, World

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• The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.

  Mark Zandi

  Japan, Financial, Commodity

  "Mark Zandi: No Global Impact From Japan". Interview with Lori Ann LaRocco, www.cnbc.com. March 17, 2011.

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• I'm a registered Democrat.

  Mark Zandi

  Democrat

  Mark Zandi's speech at the launch of Assessing Trade Agendas in the US Presidential Campaign at the Peterson Institute for International Economics in Washington, D.C., piie.com. September 22, 2016.

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• There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.

  Mark Zandi

  Records, Way, Buoys

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• 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

  Fall, Credit, Phases

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• The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake.

  Mark Zandi

  Mistake, Recovery, Cutting

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• The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow.

  Mark Zandi

  Average, Credit, Today

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• Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?

  Mark Zandi

  Jobs, Doe, Income

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• It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.

  Mark Zandi

  Jobs, Fall, Home

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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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• 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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• Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.

  Mark Zandi

  Fall, Home, Share

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• No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.

  Mark Zandi

  Retirement, Home, Winning

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