Mortgage Quotes - Page 12

• It’s one of those things where when you’re training and fighting, you can’t worry about your bills, your mortgage, did you get your girlfriend pregnant, your pet’s cancer, or anything. Nothing else matters but that dude trying to kick you in the face or throw you on your head or trying to rip your arm out of the socket. It becomes a singularity of purpose, which an ADD kid like me rarely gets. I like that moment of clarity in fights, and I truly have that. I lose myself in the details of those 15 minutes and you don’t worry about what people think of you.

  Forrest Griffin

  Girlfriend, Cancer, Rip

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• Incredibly, at this critical juncture in financial history, after which so much changed so quickly, the only constraint in the subprime mortgage market was a shortage of people willing to bet against it.

  Michael Lewis

  People, Financial, Juncture

  Michael Lewis (2015). “The Big Short: Inside the Doomsday Machine (movie tie-in)”, p.94, W. W. Norton & Company

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• It is better to have a plain, substantial building, with no extravagance about it, but without a debt, than to have the most splendid specimen of Gothic architecture that is overlaid by a mortgage.

  William Mackergo Taylor

  Extravagance, Debt, Gothic

  William Mackergo Taylor (1879). “Moses the Law-giver”

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• Bad karma is the spiritual debt one has accumulated for one's mistakes from all previous lives and this life. It includes killing, harming, taking advantage, cheating, stealing, and more. On Mother Earth, when you buy a house, you take out a mortgage from a bank. This mortgage is your debt to the bank. You pay every month for fifteen, twenty, or thirty years to clear your financial debt. In the spiritual realm, if you have bad karma, you may have to pay for many lifetimes to clear your spiritual debt.

  Zhi Gang Sha

  Karma, Mother, Spiritual

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• 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

  Coffee, Home, Complaining

  Jeremy Clarkson (2004). “The world according to Clarkson”

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• Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.

  Walter E. Williams

  Government, Credit, Debt

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• The crash of 2008 was driven in no small part by unfair practices in the mortgage industry which led to many consumers being trapped in loans they didn't understand and couldn't afford.

  Al Franken

  Practice, Becoming, Crash

  Sen. Franken Speaks on Senate Floor in Support of Richard Cordray to Head Consumer Financial Protection Bureau, www.gpo.gov. December 7, 2011.

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• Unfortunately, throughout the housing crisis we've seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a down market to line their own pockets at the expense of others. This bill is designed to send a message by revising our laws to ensure criminals are brought to justice and that law enforcement has the tools to uncover these fraudulent schemes and go after the bad actors. Criminals should be put on notice that ripping off homeowners and taxpayers won't be tolerated.

  Chuck Grassley

  Law, Justice, Enforcement

  "Congress Targets Mortgage Fraud: Justice for Victims, Jail for the Guilty". Tri-State Defender, February 12, 2009.

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• You know what higher interest rates mean. To you it means a higher mortgage payment, a higher car payment, a higher credit card payment. To our economy, it means business people will not borrow as much money, invest as much money, create as many new jobs, create as much wealth, raise as many raises.

  William J. Clinton

  Jobs, Mean, Car

  William J. Clinton's speech at the Democratic National Convention, articles.baltimoresun.com. August 30, 1996.

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• Let us avoid debt as we would avoid a plague...Let every head of every household see to it that he has on hand enough food and clothing, and, where possible, fuel also, for at least a year ahead...Let every head of household aim to own his own home, free from mortgage. Let us again clothe ourselves with these proved and sterling virtues-honesty, truthfulness, chastity, sobriety, temperance, industry, and thrift; let us discard all covetousness and greed.

  J. Reuben Clark

  Religious, Honesty, Home

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• People are living longer than ever before, a phenomenon undoubtedly made necessary by the 30-year mortgage.

  Doug Larson

  Funny, Money, Congratulations

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• Debt is so ingrained into our culture that most Americans can't even envision a car without a payment ... a house without a mortgage ... a student without a loan ... and credit without a card. We've been sold debt with such repetition and with such fervor that most folks can't conceive of what it would be like to have NO payments.

  Dave Ramsey

  Car, House, Would Be

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• Believe it or not, when we were first married, our combined monthly student loan bills were actually higher than our mortgage.

  Michelle Obama

  Badass, Believe, Bills

  Michelle Obama's speech at the Democratic National Convention in Charlotte, North Carolina, www.npr.org. September 4, 2012.

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• A lot of these things have hurt the average American. When they look at the banks and they say, "Well, the bank's talking its own game," I am telling you, what we've done in mortgage lending, our inability to have proper regulations around mortgages, has hurt average Americans. First-time buyers, immigrant buyers, prior defaults, self-employed, because they can't get a mortgage. Will it make a big difference to JPMorgan Chase? No, but you're hurting my fellow citizens. Let's go at it, and let's fix it.

  Jamie Dimon

  Hurt, Done

  Source: uk.businessinsider.com

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• Most of these charges that people pay are economically unnecessary. There's no real cost behind them. There's no real value behind them. So, they're what the classical economist called empty pricing. Prices with no real cost value. What they called rent and fictitious capital. Capital claims on junk mortgage borrowers. The pretense is that all these debts can be paid but it's all fictitious, because everybody knows - at least on Wall Street everybody knows - that many debts can't be paid.

  Michael Hudson

  Wall, Real, People

  Source: www.counterpunch.org

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• One might ask the question: Is the mortgage interest deduction doing a better job, a worse job, if it's supposed to promote homeownership and savings? Because home ownership is the biggest form of savings in this country. Different people will look at that data and draw different conclusions, but that's just an example of the kind of thing you can pull out of USAFacts and develop a point of view about.

  Steve Ballmer

  Country, Home, People

  Source: www.pbs.org

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• Whether low-income people are dealing with access to veteran's benefits, or a protective order to guard against domestic violence, or a way to guard against the loss of their home due to foreclosure and unscrupulous behavior by mortgage providers, there's no way they can afford a lawyer. And that's a serious problem. Because that erodes respect for law, it erodes the prospects for justice.

  Martha Minow

  Home, Loss, People

  Source: to.pbs.org

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• People change, mature, and develop their values, attitudes, and preferences as a function of age. It is actually a strategy deployed by many organizations. The idea is that once Millennials grow up -get a mortgage, family- they will start acting like us and sharing our values. Personally, I would not make that bet. Even if it were to happen, Millennials are putting off seven or more years what other generations have done. Waiting for Millennials to "grow up" is risky when it comes to knowledge transfer, talent development, and competitive advantage.

  Chip Espinoza

  Attitude, Growing Up, People

  Source: bobmorris.biz

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• The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard

  Rick Santelli

  Government, America, People

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• I am moneys medium. It passes through me- taxes, insurance, mortgage, child support, rent, legal fees. All this dignified blundering costs plenty.

  Saul Bellow

  Children, Support, Cost

  Saul Bellow (1976). “Herzog”, Viking Adult

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• 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

  Party, Government, Tea

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• So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after paying taxes and after paying the FIRE sector (Finance, Insurance, Real Estate). Whether it's housing insurance or mortgage insurance. So there's an idea of distracting people. Don't think of your condition. Think of how the overall economy is doing. But don't think of the economy as an overall unit. Think of the stock market as the economy. Think of the rich people as the economy. Look at the yachts that are made. Somebody's living a lot better. Couldn't it be you?

  Michael Hudson

  Real, Thinking, People

  Source: www.counterpunch.org

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• Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.

  Franklin Raines

  Years, Economy, Reduction

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• So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations
  that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.

  Michael Hudson

  Fall, Mean, People

  Source: www.counterpunch.org

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• The current U.S. and Eurozone depression isn't because of China. It's because of domestic debt deflation. Commodity prices and consumer spending are falling, mainly because consumers have to pay most of their wages to the FIRE sector for rent or mortgage payments, student loans, bank and credit card debt, plus over 15 percent FICA wage withholding for Social Security and Medicare actually, to enable the government to cut taxes on the higher income brackets, as well income and sales taxes.

  Michael Hudson

  Fall, Cutting, Students

  Source: www.counterpunch.org

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