#owe

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

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score? ↗

— Mark Zandi

#before #borrower #borrowers #credit #debt

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

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

The corporations and the media don't need power; they already have it. ↗

— Jose Luis Rodriguez Zapatero

#corporations #media #need #power

If one can stick to the training throughout the many long years, then will power is no longer a problem. It's raining? That doesn't matter. I am tired? That's besides the point. It's simply that I just have to. ↗

— Emil Zatopek

#besides #i #i am #just #long

Mostly I use the O2 as an X terminal, however, running my apps on Linux and displaying remotely. ↗

— Jamie Zawinski

#however #i #linux #mostly #remotely

It's a question of spreading the available energy, aerobic and anaerobic, evenly over four minutes. If you run one part too fast, you pay a price. If you run another part more slowly your overall time is slower. ↗

— Roger Bannister

#another #available #energy #evenly #fast

A lot of my friends are struggling musicians. Being a struggling actor, it's just frustrating because you're not allowed to do what you want to do. ↗

— Gina Gershon

#allowed #because #being #friends #frustrating