Mortgage Quotes - Page 7

• Conservatives say human beings are people who are primarily concerned with self-interest, and that's what they should be concerned with - self-interest and individual responsibility. They shouldn't be paying for anybody else's health care or anything else like that. As a result, government is something that should be absolutely minimal. It's not there for your overall protection and empowerment - it's not there to offer protection against disease or natural disasters or bad products or companies who sell you fallacious mortgages and so on.

  George Lakoff

  Responsibility, People, Empowerment

  Source: truth-out.org

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• Virtually all student debt in the US is now held by the federal government. It would therefore be a relatively simple matter to forgive some, if not all of it. This would enable young people to transition much more easily into creating their own households and families. At the same time, if the government is going to enact a major program of student debt forgiveness, it should be at least equally committed to relieving the heavy mortgage debt burdens still carried by tens of millions of non-affluent households in the aftermath of the 2007-09 financial crash and Great Recession.

  Robert Pollin

  Simple, People, Forgiving

  Source: www.truth-out.org

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• Some jobs you do - maybe you don't - are jobs that pay mortgages and some are art and I don't care about not being paid on those.

  Amy Ryan

  Art, Care

  Source: www.interviewmagazine.com

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• We need to remake and reinvent our housing system so that it supports the flexibility and mobility of our economic system broadly. Home-ownership is rewarded by the federal tax code, which made great sense when that piece of the American Dream, and all the consumption that came with it, was essential to rebuilding the economy. These days, however, it feels like a huge penalty to people who want to travel light within the new mobile economy without a mortgage to hold them back.

  Richard Florida

  Dream, People, Support

  Source: bobmorris.biz

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• Housing has always been a key to Great Resets. During the Great Depression and New Deal, the federal government created a new system of housing finance to usher in the era of suburbanization. We need an even more radical shift in housing today. Housing has consumed too much of our economic resources and distorted the economy. It has trapped people who are underwater on their mortgages or can't sell their homes. And in doing so has left the labor market unable to flexibly adjust to new economic realities.

  Richard Florida

  Home, Reality, People

  Source: bobmorris.biz

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• Unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on. They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies in America, it's a classic example.

  Barack Obama

  Teacher, Nurse, Police

  Source: www.nytimes.com

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• I'm not playing up to pretend, I don't live above my means. In my song "96 Cris" I say, "...My bills too low for me to fall off." Honestly, if I never did anything again with music, because I put out my own music, I could pay my bills, forever. I can pay my mortgage off my old music. Of course, you probably wouldn't see me in my Lamborghini but, do you really need a Lambo? That's really what you have to ask yourself.

  Dom Kennedy

  Song, Fall, Mean

  Source: lasentinel.net

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• I'd like to help struggling homeowners who can't pay their mortgages, I'd like to invest in our crumbling infrastructure, I'd like to reform the tax system so multimillionaires can't pretend their earnings are capital gains and pay at the rate of 15 percent. I'd like to make public higher education free, and pay for it with a small transfer tax on all financial transactions. I'd like to do much more - a new new deal for Americans. But Republicans are blocking me at every point.

  Barack Obama

  Block, Struggle, Helping

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• Now, suppose that a homeowner puts down only 3% of their own money or 3.5% for the FHA. That means if prices go down by only 3%, the house will be in negative equity and it would pay the homeowner just to walk away and say, "The house now is worth less than the mortgage I owe. I think I'm just going to move out and buy a cheaper house." So it's very risky when you have only a 3% or 3.5% equity for the loan. The bank really isn't left with much cushion as collateral.

  Michael Hudson

  Moving, Mean, Thinking

  Source: www.counterpunch.org

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• The aim of promoting low down payments is to push prices back up so that fewer houses are going to be in negative equity and fewer people are going to walk away from the mortgages. That will save the from taking a loss on their junk mortgage loans.

  Michael Hudson

  Loss, People, House

  Source: www.counterpunch.org

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• When people have problems with their mortgages and jobs many feel they're a failure, they didn't work hard enough or speak well enough: It's their fault things are going so bad. When they see their bodies right there [at occupations], we have something profoundly in common.

  Haskell Wexler

  Jobs, Hard Work, People

  Source: www.progressive.org

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• An aggressive building performance standard for all new buildings, and a set of performance requirements to be met by all buildings before they can be sold (when upgrades can be included in the new mortgage). These should encompass heating and cooling, lighting, and plug loads. Coupled with new efficiency standards for appliances, lights, and furnaces, this should reduce the energy consumption of new buildings by 50 percent, more or less immediately, and go on from there.

  Denis Hayes

  Light, Energy, Goes On

  "The Rumpus Interview with Earth Day organiser Denis Hayes". Interview with Melissa Price, therumpus.net. April 22, 2009.

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• he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.

  Denis Hayes

  Zero, Quality, Cards

  Source: therumpus.net

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• I live in a Spanish-style hillside home in Los Angeles, California. I paid $900,000 in 1995. It's perhaps worth about $3m now. Thankfully, I paid off my mortgage before the crash because I could see it coming. I worried that I would be caught having to pay off a very high mortgage for a house I couldn't sell.

  Eric Idle

  Home, California, House

  "Eric Idle: 'The BBC paid us £2,000 a series for Monty Python’". Interview with Angela Wintle, www.telegraph.co.uk. January 10, 2016.

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• I've never wanted to chuck my mortgage, drop the kids off at their grandparents' and run gloriously naked in fields of flax.

  Lauren Groff

  Running, Kids, Grandparent

  Interview with Jason Skipper, therumpus.net. August 24, 2012.

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• Thirty-nine was the best year of my life earnings-wise. I paid off my mortgage and felt a massive sense of achievement.

  Nicki Chapman

  Wise, Years, Achievement

  Source: www.telegraph.co.uk

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• I've always paid off my mortgage as much as I could.

  Nicki Chapman

  Paid Off, Paid

  Source: www.telegraph.co.uk

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• I tend to go with things people need. Obviously with the barbershop, people will need haircuts regardless of the economy. In a down economy, I choose businesses that don't require a lot of start-up cash or a cash injection on a regular basis. They might need some initially, but not often after. Rental of properties is a good business in a down economy as people struggle with mortgages.

  Kamerion Wimbley

  Struggle, People, Needs

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• They [political leaders ] thought the only problem was the banking system, and if they fixed the banking system, all would be fine. But the banking system and the mortgage problem were symptomatic of some deeper problems, and evidently they still haven't recognized those deeper problems.

  Joseph Stiglitz

  Leader, Political, Would Be

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• What I want people to know is I went to Wall Street before the crash. I was the one saying you're going to wreck the economy because of these shenanigans with mortgages. I called to end the carried interest loophole that hedge fund managers enjoy. I proposed changes in CEO compensation.

  Hillary Clinton

  Wall, People, Wrecks

  Hillary Clinton's speech at the Clinton-Sanders Democratic presidential debate in Durham, New Hampshire, hosted by MSNBC, www.nytimes.com. February 4, 2016.

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• I want to go further, because it was investment banks, it was insurance companies, it was mortgage companies, all of which contributed.So let's not just be narrowly focused on one part of the problem. We have a lot of issues with corporate power that have to be addressed. My plan takes us further and it would do the job.

  Hillary Clinton

  Jobs, Issues, Want

  "Transcript of the Democratic Presidential Debate". www.nytimes.com. February 5, 2016.

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• The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults.

  Michael Hudson

  House, Suffering, Want

  Source: www.counterpunch.org

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• For many people, the mortgages they took out before 2008 are so high that they would be better off walking away from their houses. That is called "jingle mail," returning the keys to the bank and saying, "You can have the house. I can buy the house next door that's just like this for 20% less, so I'm going to save money and switch." That's what someone like Donald Trump or a real estate investor would do. But the banks are trying to convince the mortgage debtors, the homeowners, not to act in their own self-interest.

  Michael Hudson

  Real, Walking Away, Keys

  Source: www.counterpunch.org

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• There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.

  Michael Hudson

  Running, Thinking, Two

  Source: www.counterpunch.org

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• I think what we need is better understanding of how to do risk analysis of a CDO, but that they still can perform a very valuable function because they can aggregate these risks and pass them around so that mortgages or other kinds of loans can be packaged and sold to investors all over the world, who in most times, would justify a small amount of each one.

  Robert F. Engle

  Thinking, Understanding, Risk

  Source: bigthink.com

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