#gr

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

#born #bullet #caused #crisis #depression

It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate. ↗

— Mark Zandi

#against #become #during #economic #economy

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

#attractive #average #average american #become #becomes

The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. ↗

— Mark Zandi

#although #been #demonstrates #during #economy

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. ↗

— Mark Zandi

#broader #bubble #calamity #contrast #creating

In how many lives does love really play a dominant part? The average taxpayer is no more capable of a 'grand passion' than of a grand opera. ↗

— Israel Zangwill

#capable #does #dominant #grand #how

I had a tough time 12 years ago getting 'Driving Miss Daisy' off the ground. Today, it would be impossible. ↗

— Richard D. Zanuck

#daisy #driving #getting #ground #had

The thing with food is that you can give 20 people the same recipe and the same ingredients, and somebody's going to make it better than somebody else, and that's the creativity of it. It's like music. You could have a bunch of people playing the same piece, and somebody's gonna play it better. ↗

— Dweezil Zappa

#bunch #could #creativity #else #food

While it is true that Frank had a great sense of humor, he was also very serious about composing music. In reality there are only a handful of skilled players who can play his most complex pieces. It takes a lot of patience to learn and requires a fantastic memory. ↗

— Dweezil Zappa

#also #complex #composing #fantastic #frank

One of my favorite philosophical tenets is that people will agree with you only if they already agree with you. You do not change people's minds. ↗

— Frank Zappa

#already #change #favorite #minds #only