Quotes of All Topics . Occasions . Authors
My family didn't really have newspapers at home or talk about politics - my family are not political. They were too busy getting on with it - working, looking after kids, trying to pay off the mortgage, all that stuff.
Because when we think about the real facts: 44 million Americans without health insurance, millions without jobs, a 50-year high on mortgage foreclosures, an historic high the third year in a row on personal bankruptcies.
The Tea Partiers don't want all regulations eliminated. They just want laws that can be understood and regulations that aren't going to destroy businesses, or leave deserving veterans without a source for a mortgage loan.
The dirty little secret is that the pool man, who's making $30,000 a year, is subsidizing the million-dollar mortgage for the family whose pool he cleans. No wonder people want to get rid of tax breaks for corporate jets.
The richest people are those who have life arranged so they have food for the family and the rent or mortgage paid. After that, at least in my case, it can become a pretty boring existence if wealth is the only objective.
When you read that UBS did not even view parts of its mortgage portfolio as having market risk, it becomes very obvious that a number of firms were not dotting the i's and crossing the t's when it comes to risk management.
After I dropped out of college at the age of 19, I became a mortgage broker, and when I went back to school I thought about going into real estate law. I probably would have made a lot more money and died of boredom by now.
I keep threatening to write a non-fantasy book, and they keep offering me the kind of money I can't refuse to write a fantasy. That's a good thing. I have to pay my mortgage, and I have to pay for my Chargers season tickets.
My dad is the first to say that Mum deals with the mortgage payments, the bills, the rota, things like that, while my dad is the emotional one who keeps the home together. He's the nurturer, but together, they work perfectly.
Coming up with a ballpark figure on how much you need to pay your expenses, such as your mortgage or rent, insurance, and utilities, is the first place to start when developing your ultimate goal of becoming a multimillionaire.
I just try not to think too much about how I'm perceived. I think as long as I'm still selling tickets and can pay my mortgage, then people are probably thinking good enough things or whatever about me to keep the train moving.
I'm very interested in the more grass-roots consequences of the economic meltdown: issues related to mortgage foreclosures, debt collection, and the practices of credit card companies and others who hold a lot of consumer debt.
I'm wildly unskilled at what I do. Part of me thinks: 'Why do I think I can pull this off?' but the part of me that has to pay the mortgage thinks: 'Just get on with it!' I'll just keep going until someone discovers I'm no good.
However my parents - both of whom came from impoverished backgrounds and neither of whom had been to college, took the view that my overactive imagination was an amusing quirk that would never pay a mortgage or secure a pension.
I appeal to everyone who understands what it is to have kids in school, have a mortgage, to work for a living; to have someone in their family or in their life who is less-abled and who is going to need help from the government.
It sounds so incredibly selfish, but you just can't earn the same money doing theater as you can doing television and film. I know that's awful, but you get a mortgage and a family, and suddenly, paying that seems quite important.
Back in 2005 and 2006, I argued as forcefully as I could, in letters to clients of my investment firm, 'Scion Capital', that the mortgage market would melt down in the second half of 2007, causing substantial damage to the economy.
In June 2005, mortgage rates were at 40-year lows, and risk premiums on mortgage securities were at all-time lows. Once the banks migrated to the subprime area, there was little else that could be done to send housing prices higher.
If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder.
I was a caddy once and I lost the golfer's clubs. Plus I don't know how to golf, so I was the worst caddy ever. Then I was a mortgage brokers assistant, so that was just carrying around a lot of files - pretty meaningless, mind-numbing work.
I did Broadway shows. And I started realizing that this is actually how I'm going to make my living. So maybe I should try to do television and film and make a better living and get an occasional residual check so I can pay a mortgage someday.
First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.
If a gig goes badly, my main worry is, 'Will these people come back?' Because that will affect my ability to pay the mortgage - but nowadays, I don't really mind what happens, as I think if it all goes wrong for real, you still have to go with it.
I think economics is about passion. Economic progress, whether it is a two-person coffee shop or whether it is Netscape, is about people with brave ideas. Because it is brave to mortgage the house, when you've got two kids, to start a coffee shop.
In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community.
If you're struggling to make your mortgage payment, and you've got three kids between the ages of 12 and 18, and you and your spouse works, and someone says, 'Oh, by the way, the world's ending,' it's like, 'Please. You don't need to tell me that.'
I would like to pilot a government-led scheme, alongside Help to Buy, to offer a loan to young people on a reasonable income to be able to pay the deposit on a new home and then swap their high rents for a mortgage and actually have a place of their own.
I have met too many people who are looking for work, worrying about their mortgage, uncertain about their health insurance, and doubting that things will get any better anytime soon. Not just concerned about the present, many of us are doubting the future.
Sometimes I really need the money, really need to go straight to work. But if I had the absolute choice - money no object, my mortgage paid off - I'd really just work once or twice a year - but wouldn't everybody! - or at least do a different job sometimes.
Except for a handful of banks that just keep a handful of their loans in portfolio, on their balance sheet, every other loan that's originated in the United States - whether from a bank, mortgage company, mortgage broker - is sold into the secondary market.
People who can't afford their mortgages and have to renegotiate with the bank or something gets repossessed after you worked your whole life. You follow the rules and you do the right thing and you still get screwed. That's what I think a lot of Americans are.
Sequestration will make it extremely challenging - and in many cases impossible - for employees to meet their mortgage payments, pay their healthcare expenses, plan for retirement, or help their children attend college. To be blunt, these families are at risk.
President Obama inherited a broken country mired in two wars, a financial crisis, a mortgage mess and more than we all probably even know about and has in my opinion brought us back from the brink. But I still see my friends in no better shape and the gap widening.
I think we've been dulled by capitalism. We're just blobs now - we're so worried about how we can keep paying the lease on the car, the mortgage, the lease on the toaster and all that. You can't really think about much else. If you lose that, you lose the whole lot.
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.
The Germans made just about every bad investment you could have made in the last 10 years. They invested in Icelandic banks. They invested in Greek government bonds. They were heavy into Irish banks, big into Irish banks, and they bought U.S. subprime mortgage bonds.
You can't sing about the same things as you did when you were 20; it would be ridiculous to sing about, I don't know, being in the quad. You can't really write about mortgage payments or stuff like that... but you can talk about 'let's make the world a better place.'
If our American women are going to work to put food on the table and pay for the mortgage, then we better make sure that they get put into jobs that pay well and that pay their worth. That's why I'm such a huge advocate about computing jobs, because those are the jobs.
Upon the farm of the uncle with whom I lived, we did know of the mortgage as some dreadful damper on youthful hopes of things that could not be bought. I do have a vivid recollection that the major purpose of a farm was to produce a living right on the spot for the family.
We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers? People who actually know the bank, live in the neighborhood, work there, maybe have a mortgage there, credit card... That, to us, is the key to a bank.
Mortgage insurance stocks remained depressed through the end of 2012 amid lingering uncertainty as to whether they had sufficient capital to absorb losses on delinquent loans originated before the crisis. However, as house prices began to recover, losses started to decline.
You have to have a certain single-mindedness if you want to reach the top of the profession, and I'm not sure if I've got that cold-eyed egomania that perhaps is needed to get to the top. So as long as I can keep paying the mortgage and keep myself interested, I'll be happy.
Most people are motivated by the economy. And if you've lost your job, lost your mortgage, lost your 401(k), you're angry. And if your brother-in-law has lost one of those you're angry still. And when you're angry you take it out on people who are in office. Which is natural.
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.
I think whether it's a good idea or not to take the startup plunge comes down to the responsibilities of the individual. If you have a family to care for or a huge mortgage payment, then quitting your steady day job to launch a startup probably isn't the best decision to make.
While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out a reverse mortgage, you will still be responsible for paying the property tax, the insurance premium, and all the maintenance costs for your home.
Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market.
You can play Mozart all you want and pretend that it gives you class, but what is class, you know? Class is a bus driver on the M103 who gets off the bus to help somebody on board even though he's tired, he's exhausted, and he's two months behind on his mortgage. That's real class.
When I go back to theater, I feel good about myself. When I do films or TV, it's to make a little bread to pay my mortgage or whatever, and when I've made the money, I do theater again. And when I get a part I like, a part I can work on, that satisfies me. I feed good about myself.
Before the CFPB, there was no single agency or entity within the federal government tasked with protecting Americans from predatory or negligent practices of banks, credit card companies, mortgage lenders, payday lenders, credit rating agencies and other financial service businesses.