The two questions that
The two questions that anyone ever asks me are: ‘Are house prices going to go down?’ and ‘Is it a good time to fix my mortgage rate?’ Evan Davis
Quotes for All
The two questions that anyone ever asks me are: ‘Are house prices going to go down?’ and ‘Is it a good time to fix my mortgage rate?’ Evan Davis
I live in a Spanish-style hillside home in Los Angeles, California. I paid $900,000 in 1995. It’s perhaps worth about $3m now. Thankfully, I paid off my mortgage before the crash because I could see it coming. I worried that I would be caught having to pay off a very high mortgage for a house … Read more
Evidently there is no need for delay, no need for further study, if the government takes a loss and Wall Street makes a profit, but it is absolutely necessary to delay if homeowners might have a chance to cut their mortgages and stay in their homes. This is wrong, and it is time to fight … Read more
Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can’t make direct product comparisons, markets aren’t competitive, and costs are higher. If the playing field is leveled and the broken market fixed, … Read more
It’s critical to level the playing field, to make prices and risks clear up front, so when someone signs on for a student loan or a mortgage or a credit card, they know the tricks and traps hidden in the fine print. That’s why the Consumer Financial Protection Bureau has been working on a new … Read more
Get out of debt. In a world of stagnant incomes and rising core expenses like mortgage and health care costs, that’s a lot easier said than done. The middle class is under enormous pressure. But families can stop the bleeding by reducing their reliance on debt wherever they can. They can also start fighting back … Read more
The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it. Elizabeth Warren
The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in … Read more
Real, sane, mature love—the kind that pays the mortgage year after year and picks up the kids after school—is not based on infatuation but on affection and respect. Elizabeth Gilbert
Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done. Eliot Spitzer