#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 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 biggest culprits in the housing fiasco came from the private sector, and more specifically from a mortgage industry that was out of control. ↗

— Mark Zandi

#came #control #fiasco #housing #industry

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

Liberty is the act of making the Government Fear what you KNOW! ↗

— Faith Brashear

#faith #happiness #justice #liberty-s-crusade #life-lessons

Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit. ↗

— Douglas Rushkoff

#life

The one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil. ↗

— Jeff Bezos

#approaching #bank #convince #evil #go

You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system. ↗

— Jamie Dimon

#different #fannie #freddie #good #mortgage