#loans

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's time to pull the bandage off America's foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed. ↗

— Mark Zandi

#bandage #began #crisis #dark #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

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

I'm a neurotic Jew who doesn't want loans. I can't even carry a balance on my credit card without having a nervous breakdown. ↗

— Duff Goldman

#breakdown #card #carry #credit #credit card

Nobody wants to read about the honest lawyer down the street who does real estate loans and wills. If you want to sell books, you have to write about the interesting lawyers - the guys who steal all the money and take off. That's the fun stuff. ↗

— John Grisham

#books #does #down #estate #fun

For-profit higher education is today a booming industry, feeding on the student loans handed out to the desperate. ↗

— Thomas Frank

#desperate #education #feeding #handed #higher

Some people, they got housing loans, and I think they're responsible for taking a loan they didn't qualify for? ↗

— Jon Lovitz

#housing #i #i think #loan #loans

Taking Big Bird away from our five year olds, lunch money away from our ten year olds, job training programs away from our fifteen year olds, and college loans away from our twenty year olds is a disgrace. ↗

— John Murray

#big #bird #college #disgrace #fifteen

Private student loans should be avoided at all costs. ↗

— Suze Orman

#costs #loans #private #should #student