#mortgage

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

Step by step, place became property, property became a mortgage, and mortgages became derivative investments. ↗

— Douglas Rushkoff

#life

Mortgages are the best way to get people thinking about the afterlife. Corporate realty is an eternal corporeality. ↗

— Bauvard

#heaven #humor #mortgages #real-estate #funny

We will not, on the altar of money, mortgage our conscience, mortgage our faith, mortgage our salvation. ↗

— Peter Akinola

#conscience #faith #money #mortgage #our

We were taking out mortgages we couldn’t afford because they were camouflaged to look as if we had a reasonable chance of paying them back. Banks then changed the bankruptcy laws so that we could not get out of our obligations once the rates changed. Lastly, they sold us back our own mortgages, shifting back to us any of the risk through our money-market accounts and pension funds. ↗

— Douglas Rushkoff

#wall-street #change

All the mega corporations on the planet make their obscene profits off the labor and suffering of others, with complete disregard for the effects on the workers, environment, and future generations. As with the banking sector, they play games with the lives of millions, hysterically reject any kind of government intervention when the profits are rolling in, but are quick to pass the bill for the cleanup and the far-reaching consequences of these avoidable tragedies to the public when things go wrong. We have a straightforward proposal: if they want public money, we want public control. It's that simple. ↗

— Michael Hureaux-Perez

#capitalism #corporations #deepwater #economic-interventionism #environment

And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market accounts were made up largely of these “mortgage-backed securities. ↗

— Douglas Rushkoff

#money

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments. ↗

— Mark Zandi

#better #better way #buoy #currently #fixed

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