Mortgage Quotes - Page 6

• Rightly or wrongly, most Americans look at mortgage equity withdrawal as the closest thing to a free lunch.

  Paul McCulley

  Lunch, Withdrawal, Looks

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• Foreign policy is a little bit like a guy who goes to Las Vegas. If you win too much, then you eventually bet the mortgage. You start to think you are infallible.

  Peter Beinart

  Winning, Thinking, Vegas

  Source: www.pbs.org

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• Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.

  Thomas Sowell

  Home, Government, Holy Grail

  Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.44, ReadHowYouWant.com

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• Riskier mortgage lending practices, imposed by government, were what set the stage for many mortgage payments to stop and thus for the financial disasters that followed. Political rhetoric, echoed in the media, seeks to obscure that painfully plain fact.

  Thomas Sowell

  Government, Media, Practice

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• I had to make a living. I had the mortgage to pay, I had the school fees to pay. I had bread and butter to put on the table. You know your worth as an actor, but you have to get a job.

  Pierce Brosnan

  Jobs, School, Actors

  "Biography/ Personal Quotes". www.imdb.com.

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• After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely.

  Thomas Sowell

  Government, Practice, Tunes

  Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.21, ReadHowYouWant.com

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• I'm angry and I understand why Australians paying mortgages are angry.

  Julia Gillard

  Angry

  "Today Show" with Karl Stefanovic, pmtranscripts.pmc.gov.au. November 4, 2010.

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• Some think that it is cruel or brutal to remove the bottom 10 percent of our people. It isn't. It's just the opposite. What I think is brutal and "false kindness" is keeping people around who aren't going to grow and prosper. There's no cruelty like waiting and telling people late into their careers that they don't belong - just when the options are limited and they're putting their children through college or paying off big mortgages.

  Jack Welch

  Children, Kindness, College

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• In some ways I think it [the strike] was important. I'm not sure that "worth it" is the right term, but it was important. A lot of people lost a lot of things - I was greatly concerned for our crews. Those are the people who really sort of paid. A lot of us in quiet ways did everything that we could to help people pay mortgages.

  Edward Allen Bernero

  Thinking, People, Important

  Source: deadline.com

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• I'm not good looking. I'm very strange - a very bony face on an enormous skull, and I don't like to be naked because I don't like how I look naked. And - no, no. I own a lot of my house, because I'm Irish and from people who never owned anything. So I could have a lot more trappings of wealth if every time I had 20 extra dollars I didn't pay off more of the mortgage.

  Dan Savage

  Skulls, People, House

  Source: www.interviewmagazine.com

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• Out here in the Pacific, they have typhoons and hurricanes that blow over 200 miles an hour. We have tornadoes and hurricanes back home, but I don't worry about them. The mortgage on my house is so heavy that nothing could budge it.

  Bob Hope

  Home, Blow, Worry

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• If I get married I get a tax break, if I have a kid I get a tax break, if I get a mortgage I get a tax break. I don't have any kids and I drive a hybrid, I think I should get a tax break. I'm trying to pay off my apartment so I have something tangible. I actually figured out if I paid off my place my reward would be that I would pay an extra four grand a year in taxes.

  Bill Burr

  Kids, Thinking, Years

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• U.N. officials said today they desperately need $7 billion to help people cope with disasters, but they're having a hard time getting people to send rescue money. Here's what the UN should do: Invest in bad mortgages, run a bank into the ground, give yourself a bonus, get some spa treatments and, in no time, the government will send you $750 billion.

  Jay Leno

  Running, Hard Times, Government

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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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• There was a direct jobs program from the Rooselvelt administration in the 1930s. The Justice Department has set up a task force to investigate the banks and the mortgage crisis but that's a little too late. Whenever they report they will report the obvious. It will be too late to impact the people who need the help the most.

  Jesse Jackson

  Jobs, Impact, People

  Source: praisecharlotte.hellobeautiful.com

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• I've never been very fully employed either but just think of what it's like, you know, to go home with a mortgage payment you know and kids and everything else. My dad had that happen to him in the early '30s.

  Warren Buffett

  Dad, Home, Kids

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

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• I mean, they were getting the mortgage of some guy in Omaha, you know, securitized a couple of times. I mean he had all these - they had all these types from Wall Street, you know, and they had advanced degrees, and they look very alert, and they came with these - they came with these things that said gamma and alpha and sigma and all that. And all I can say is beware of geeks, you know, bearing formulas. They've heard that in Europe.

  Warren Buffett

  Wall, Couple, Mean

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

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• If some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the market, and then you'll buy the other 900 million on the same terms. Now, the very fact that this has been authorized or will be authorized, I hope, will firm up the market to some degree. And that's fine. But you don't want to have artificial prices being paid.

  Warren Buffett

  Degrees, Dollars, Want

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

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• 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 social tools, and you're going to feel like an idiot if you didn't do it, because the house cost more.

  Warren Buffett

  Lying, Giving, House

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

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• When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.

  Warren Buffett

  Government, Together, Three

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

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• [The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.

  Warren Buffett

  Government, Years, Dollars

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• It's a sensible rule that says before you get a mortgage it should be checked whether you can afford it.

  Martin Lewis

  Should, Sensible

  Source: www.mirror.co.uk

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• It's critical to level the playing field, to make prices and risks clear up front, so when someone signs on for a student loan or a mortgage or a credit card, they know the tricks and traps hidden in the fine print. That's why the Consumer Financial Protection Bureau has been working on a new financial aid shopping sheet. A shorter, two-page credit card agreement, a simpler mortgage disclosure form. All those are aimed toward helping people understand the basic bargain.

  Elizabeth Warren

  Agreement, Shopping, Two

  Source: www.bethkobliner.com

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• Barack Obama is telling the banking industry what it can and can't charge and what profit he will accept and what level of profit he won't accept. Bill Clinton and Jimmy Carter came up with this scheme that resulted in the subprime mortgage crisis. They said it was unfair that poor and minority people didn't have houses, so we're basically gonna give 'em houses. How are we gonna do that? We're going to make the banks loan them money, knowing full well they can't pay it back.

  Rush Limbaugh

  Knowing, People, Giving

  Source: www.rushlimbaugh.com

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• This is a derivative, if you will, of Cloward-Piven [theory]. "[Stephen] Lerner's plan is to organize a mass, coordinated 'strike' on mortgage, student loan, and local government debt payments - thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.

  Rush Limbaugh

  Government, Debt, Derivatives

  Source: www.rushlimbaugh.com

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