#mortgage

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

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it? ↗

— Mark Zandi

#better #buyers #choice #cost #costs

The universe of mortgage lending has gotten to the point where there is a place in it for everybody. ↗

— Joe Mays

#gotten #lending #mortgage #place #point

Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers. ↗

— Franklin Raines

#below #boom #consumers #get #going

Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages. ↗

— Franklin Raines

#also #cut #economy #got #interest

People find themselves in ruts all the time. You're in a complacent lifestyle where you work 9 to 5 and then you add a mortgage and kids. You feel trapped, but guess what, brother? You constructed that life. If you're OK with it, there's nothing wrong with that. But if you've got unease, then you've got to make a change. ↗

— Jeremy Renner

#brother #change #complacent #constructed #feel

I had a couple come in with a negative amortization mortgage on a house that costs way too much relative to their income. They're consuming real estate, not investing in it. ↗

— Chris Cooper

#consuming #costs #couple #estate #had

Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as high as you think. ↗

— Suze Orman

#consider #high #instead #may #monthly

And I think we need a combination of a freeze, potentially, and also we need to sit down with the - with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out, because it's absolutely imperative that we keep people in their homes. ↗

— Debbie Wasserman Schultz

#about #absolutely #also #banking #because

Quite frankly, Barack Obama knows what it's like to pay a mortgage and student loans. He knows what it's like to watch a beloved family member in a medical crisis and worry that treatment is out of reach. Barack Obama knows our struggles. And, my friends, he shares our values. ↗

— Ted Strickland

#barack obama #beloved #crisis #family #family member