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We will not, on the altar of money, mortgage our conscience, mortgage our faith, mortgage our salvation.
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A coward is a hero with a wife, kids, and a mortgage.
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Owning your own home is America's unique recipe for avoiding revolution and promoting pseudo-equality at the same time. To keep citizens puttering in their yards instead of sputtering on the barricades, the government has gladly deprived itself of billions in tax revenues by letting home owners deduct mortgage interest payments.
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I wouldn't wish the eighties on anyone, it was the time when all that was rotten bubbled to the surface. If you were not at the receiving end of this mayhem you could be unaware of it. It was possible to live through the decade preoccupied by the mortgage and the pence you saved on your income tax. It was also possible for those of us who saw what was happening to turn our eyes in a different direction; but what, in another decade, had been a trip to the clap clinic was now a trip to the mortuary.
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In 2006, the head of the American Mortgage Bankers Association said, 'As we can clearly see, no seismic occurrence is about to overwhelm the U.S. economy.' There is a man on top of his job.
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The universe of mortgage lending has gotten to the point where there is a place in it for everybody.
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I had a couple come in with a negative amortization mortgage on a house that costs way too much relative to their income. They're consuming real estate, not investing in it.
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Once the housing market begins to recover, I would phase out the mortgage tax deduction.
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You know, I am mainstream America, and it really doesn't matter what party you're in. When you call your children and you say 'How are you?' - and what you are really asking is, 'Do you still have your job? And are you able to make the mortgage payment?', That resonates across the state, not across party lines.
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Remember the Tea Party movement didn't get started in September of 2008 when the bank bailout was passed. It really began on Feb. 19th, 2009 when a television commentator named Rick Santelli stood up and said what the hell are we doing bailing out people who couldn't afford a mortgage by taking money from people like me who are prudent?
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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.
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Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.
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If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?
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Even tax breaks that are supposed to help the middle class too often skew toward the wealthy. Consider the mortgage interest deduction. While political leaders in both parties have long considered it untouchable, it actually helps those at the top of the income scale far more than those at the bottom.
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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.
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You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system.
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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.
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Refinancing your mortgage usually makes sense if you can lower your interest rate by at least two points. But the most important question to ask yourself is, how long will it take you to break even?
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Left to ourselves, we might pick the wrong health insurance, the wrong mortgage, the wrong school for our kids; why, unless they stop us, we might pick the wrong light bulb.
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Worm or beetle - drought or tempest - on a farmer's land may fall, Each is loaded full o' ruin, but a mortgage beats 'em all.
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Every radish I ever pulled up seemed to have a mortgage attached to it.
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Even the once simple home mortgage now has so many flavors and styles and variations that it is difficult for people to make a decision.
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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.
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But the advice was not taken - Johnstone did emigrate to Canada, and did mortgage his pension; and I fear - though I failed to trace his after history - that he suffered in consequence.
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Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers.
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Well, we're just now seeing the reductions in mortgage rates.
The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.
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We think if the economy remains weak that we could see mortgage rates trail down and we think that we could see rates below seven percent into early next year.
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They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.
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You can look at what I did in the Senate.
I did introduce legislation to rein in compensation. I looked at ways that the shareholders would have more control over what was going on in that arena. And specifically said to Wall Street, that what they were doing in the mortgage market was bringing our country down.
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Bad debt is debt that makes you poorer.
I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
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I have never had another job and I don't have a mortgage.
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