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Marcia Fudge Quotes
Marcia Fudge quote
Marcia Fudge quote
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More than a quarter of mortgage borrowers are underwater, and 11 percent of all homes are vacant.
Marcia Fudge
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Marcia Fudge
American
Politician
Born:
Oct 29
,
1952
Topics
Borrowers
,
Percent
,
More
,
Mortgage
,
Quarter
,
Underwater
,
Than
,
Homes
,
Vacant
Links
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Quotes To Explore
Ultimately, the success of America's market economy depends on trust. This includes trust between buyers and sellers, between lenders and borrowers, and between investors and the companies in which they invest.
Amy Klobuchar
Success
Trust
Market
Market Economy
Borrowers
Invest
Investors
Between
Economy
Ultimately
Sellers
America
Depends
Which
Companies
Buyers
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.
Ben Bernanke
Strong
Profit
Earn
Borrowers
Remain
Continue
Banks
Lend
Need
Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable.
Ben Bernanke
Life
Home
Great
Risks
Events
Strong
Real Estate
Great Deal
Strong Economy
Unforeseen
Local
Markets
Purchases
Borrower
Borrowers
Risk
Moreover
Highly
Economy
Make
Vulnerable
Deal
Real
Subject
Very
Estate
Lender
Even
Because reverse mortgages do not require borrowers to make immediate repayments, the interest charges are added to the debt every day, and the total amount owed grows over time.
Charles Duhigg
Time
Day
Every Day
Every
Added
Immediate
Charges
Total
Borrowers
Mortgages
Over
Make
Because
Reverse
Debt
Owed
Interest
Require
Grows
Amount
Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years.
Charles Duhigg
Home
Sense
Live
High
Borrowers
Only
Mortgage
Fees
Make
Because
Reverse
Years
Expect
Who
Number
Associated
Loans
Some borrowers are pretty damn good at fraud.
Dan Gilbert
Good
Damn
Fraud
Some
Pretty
Borrowers
We need a system that provides mortgage credit in good times and bad to a broad range of creditworthy borrowers.
Jerome Powell
Good
Broad
Range
System
Bad
Borrowers
Good Times
Mortgage
Provides
Times
Credit
Need
As borrowers, we may feel guilty about running up debt, anxious about making payments, and resentful of the constraints that old obligations (and old credit records) impose on our current choices. We may find it too easy to buy things we may later regret.
Virginia Postrel
Buy
Obligations
Regret
Old
Too
Our
Later
Guilty
Running
Easy
Find
About
Borrowers
Constraints
Records
Feel
Making
Impose
Up
Debt
Anxious
Current
May
Choices
Payments
Resentful
Credit
Things
I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards to generate a greater volume of loans. Throughout 2004, I had watched as these mortgages were offered to more and more subprime borrowers - those with the weakest credit.
Michael Burry
First
Back
Market
Worry
Those
Weakest
About
Borrowers
More
More And More
Throughout
Had
Generate
Volume
Mortgages
Greater
Housing
Housing Market
Were
Offered
Begun
Standards
Credit
Watched
Loans
My investigation found Sallie Mae put student borrowers into expensive subprime loans that it knew were going to fail.
Lisa Madigan
Borrowers
Student
Investigation
Put
Knew
Fail
Were
Going
Expensive
Found
Loans
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