Quotes about mortgage

A collection of quotes on the topic of mortgage, people, use, doing.

Quotes about mortgage

Jeremy Clarkson photo

“Italy's youngsters complain, apparently, about having to live at home until they are 72 but that's because they spend all their money on suits and coffee and Alfa Romeos rather than mortgages.”

Jeremy Clarkson (1960) English broadcaster, journalist and writer

The Unhappiest People on Earth? You'd never guess, p. 259
The World According to Clarkson (2005)

Barack Obama photo

“When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.”

Barack Obama (1961) 44th President of the United States of America

2013, Remarks on Economic Mobility (December 2013)
Context: So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. And it is not simply a moral claim that I’m making here. There are practical consequences to rising inequality and reduced mobility. For one thing, these trends are bad for our economy. One study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. And that makes sense. When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.

Jacque Fresco photo
Nassim Nicholas Taleb photo

“Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial means, mortgage rates, and the currently tight real-estate market alow you to put there.”

Nassim Nicholas Taleb (1960) Lebanese-American essayist, scholar, statistician, former trader and risk analyst

Source: The Black Swan: The Impact of the Highly Improbable

Thomas Sowell photo
Elizabeth Gilbert photo
Dwight D. Eisenhower photo
John McCain photo
Neil Cavuto photo
Ron Paul photo
Aldo Leopold photo
Lucy Aharish photo
Rush Limbaugh photo
Alan Greenspan photo

“A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

July 2005 http://www.startribune.com/nation/12598281.html, in testimony to the House Financial Services Committee.
2000s

Sharron Angle photo
Michael Lewis photo
Warren Farrell photo

“From the male perspective, when commitment is associated with diamonds and mortgages, promises of love can feel like promises of payment.”

Warren Farrell (1943) author, spokesperson, expert witness, political candidate

Source: Why Men Are the Way They Are (1988), p. 103.

Thomas De Witt Talmage photo
Tony Blair photo
Sinclair Lewis photo
John Gray photo
T. B. Joshua photo

“When we inherit stolen wealth in a will, we would live under a stolen future – thereby mortgaging our future. Remember, what comes from God goes to Him. What comes from truth goes to truth. What comes from stealing goes to stealing. What comes from destruction goes to destruction.”

T. B. Joshua (1963) Nigerian Christian leader

On leaders who store up wealth illegally - "Choose The Path Of A Champion" http://www.ghanaweb.com/GhanaHomePage/religion/Choose-The-Path-Of-A-Champion-T-B-Joshua-s-Seasons-Greetings-200153 Ghana Web (December 25 2010)

Edmund Burke photo

“No man can mortgage his injustice as a pawn for his fidelity.”

Reflections on the Revolution in France (1790)

Al Franken photo

“The crash of 2008 was driven in no small part by unfair practices in the mortgage industry, which led to many consumers becoming trapped in loans they didn’t understand and couldn’t afford.”

Al Franken (1951) American comedian and politician

Sen. Franken Speaks on Senate Floor in Support of Richard Cordray to Head Consumer Financial Protection Bureau (7 December 2011); [2011, S, 8404]

Alan Greenspan photo

“American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

February 2004 http://www.startribune.com/nation/12598281.html, in a speech praising the benefits of adjustable-rate mortgages.
2000s

Alan Greenspan photo
Sinclair Lewis photo
George W. Bush photo

“I'm asking Congress to pass my Zero Down Payment Initiative. We should remove the 3 percent down payment rule for first time home buyers with FHA-insured mortgages.”

George W. Bush (1946) 43rd President of the United States

Remarks to the National Association of Home Builders, Columbus, Ohio, October 2, 2004 http://georgewbush-whitehouse.archives.gov/news/releases/2004/10/20041002-7.html
2000s, 2004

Alfred P. Sloan photo
T. B. Joshua photo

“If your actions are motivated by selfish interests rather than God, you are mortgaging tomorrow's joy.”

T. B. Joshua (1963) Nigerian Christian leader

On the 2007 Nigerian Elections - "Selfless Service" http://www.modernghana.com/newsthread2/219944/1/ Modern Ghana (May 28 2009)

Harmeet Dhillon photo
Russell Brand photo

“The world is changing and we are awakening. These statistics give us a numerical glimpse at the visceral dissatisfaction that most of us feel. Now is the time to express it. These corrupt structures cannot be maintained without our compliance. You could vote against them, if there was anything to vote for, but there isn’t, or you could stop paying your mortgage, stop paying your taxes, stop buying stuff you don’t need. When we, the majority, unite and demonstrate our new intention, we will be invincible. If we, who are complicit by our silence, become active and disobedient. This is a pivotal time in the history of our species. We are transitioning from an ideology that places power and responsibility in the hands of the few to one where we all collectively have power. It is important that we clarify, in a manner accessible to all, which institutions and systems are beneficial and which ones have to go. It is important that we propose ideas and systems that will be advantageous, like the handful in this book, and ensure that they are presented properly. When they are inevitably disparaged by the fearful enemies of change, we must remain unified and insistent. At this climactic time, we have no choice but change. This book, written by a twerp, with minimal interaction with brilliant thinkers and uncorrupted minds, demonstrates that. Now, what are you going to do about it?”

Revolution (2014)

Alan Greenspan photo

“I was aware that the loosening of mortgage credit terms for subprime borrowers increased financial risk. But I believed then, as now, that the benefits of broadened home ownership are worth the risk.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

September 2007 http://www.startribune.com/nation/12598281.html, Greenspan's memoir The Age of Turbulence: Adventures in the New World.
2000s

Edward Jenks photo
Ben Bernanke photo
Nouriel Roubini photo
Pat Condell photo
Chuck Grassley photo
Peter Akinola photo

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

Peter Akinola (1944) Anglican Primate of the Church of Nigeria

Explaining the decision to reject American funding as a protest over liberal theology and practices, including the ordination of homosexuals.

Rose Wilder Lane photo
Paul Ryan photo
Vladimir Lenin photo

“For private property is sacred, and no one can be prohibited from buying, selling, exchanging or mortgaging shares, etc.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Three
Context: All the rules of control, the publication of balance sheets, the drawing up of balance sheets according ot a definite form, the public auditing of accounts, the things about which well-intentioned professors and officials - that is, those imbued with he good intention of defending and embellishing capitalism - discourse to the public, are of no avail. For private property is sacred, and no one can be prohibited from buying, selling, exchanging or mortgaging shares, etc.

Jim Butcher photo
William Faulkner photo
Tulsi Gabbard photo

“While 800,000 Americans wait and work without pay, the administration bows to mortgage industry lobbyists. The blatant corruption and greed of an administration who puts banks above people is the root cause of our broken system.”

Tulsi Gabbard (1981) U.S. Representative from Hawaii's 2nd congressional district

(12 January 2019) https://twitter.com/TulsiGabbard/status/1084199593926189057
Twitter account, January 2019

Marilyn Ferguson photo
David Cameron photo
Elizabeth Warren photo

“The American people deserve a Congress that worries less about helping big banks, and more about helping regular people who have been cheated on mortgages, on credit cards, on student loans and on credit reports.”

Elizabeth Warren (1949) 28th United States Senator from Massachusetts

As quoted in "Sen. Elizabeth Warren slams Republicans: Worry less about helping big banks" by Eric W. Dolan, in Raw Story (12 March 2013) https://www.rawstory.com/2013/03/sen-elizabeth-warren-slams-republicans-worry-less-about-helping-big-banks/
2013

Umar II photo

“O people, you were not created in vain, nor will you be left to yourselves. Rather, you will return to a place in which Allah will descend in order to judge among you and distinguish between you. Destitute and lost are those who forsake the all-encompassing Mercy of Allah, and they will be excluded from Paradise, the borders of which are as wide as the heavens and the Earth. Don't you know that protection, tomorrow, will be limited to those who feared Allah [today], and to those who sold something ephemeral for something permanent, something small for something great, and fear for protection? Don't you realize that you are the descendants of those who have perished, that those who remain will take place after you, and that this will continue until you are all returned to Allah? Every day you dispatch to Allah, at all times of the day, someone who has ded, his term having come to an end. You bury him in a crack in the earth and then leave him without a pillow or a bed. He has parted from his loved ones, severed his connections with the living, and taken up residence in the earth, whereupon he comes face to face with the accounting. He is mortgaged to his deeds: He needs his accomplishments, but not the material things he left on earth. Therefore, fear Allah before death descends and its appointed times expire. I swear by Allah that I say those words to you knowing that I myself have committed more sins than any of you; I therefore ask Allah for forgiveness and I repent. Whenever we learn that one of you needs something, I try to satisfy his need to the extent that I am able. Whenever I can provide satisfaction to one of you out of you of my possessions, I seek to treat him as my equal and m relative, so that my life and his life are of equal value. I swear by Allah that had I wanted something else, namely, affluence, then it would have been easy for me to utter the word, aware as I am of the means for obtaining this. But Allah has issued in an eloquent Book (Quran) and a just example Sunnah by means of which He guides us to obedience and proscribes disobedience.”

Umar II (681–720) Umayyad caliph

History of the Prophets and Kings, Vol. 24, p. 98/99, also quoted in Umar Bin Abd Al-Aziz, p. 708-710
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Joe Biden photo
Trevor Noah photo