Any informed borrower is simply less vulnerable to fraud and abuse.
Alan Greenspan
Trailer home borrowers, mostly near the bottom of the economic ladder, often default on their loans.
Alex Berenson
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
You want to evaluate future borrowers, but in order to train an algorithm that will help you identify future defaults, you have to train it and evaluate it on past data.
Anthony Goldbloom
When borrowers anticipate that politicians might cancel their loans, they stop paying.
Arundhati Bhattacharya
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
The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes.
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.
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
In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement.
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.
Some borrowers are pretty damn good at fraud.
Dan Gilbert
The Question to be considered is, Whether the Government have reason by a Law, to prohibit the taking more than 4 l. per cent Interest for Money lent, or to leave the Borrower and Lender to make their own Bargains.
Dudley North
While conventional wisdom has traditionally sided against borrowing from retirement savings, sentiment has shifted toward borrowing from one's own assets with the realization that other forms of credit come at a much higher cost and often are not even available to borrowers with limited means and urgent needs.
Elaine Chao
I have children, and this notion - that there might be a single book that introduces children to literature - terrifies me. But you could do worse than Mary Norton's 'The Borrowers.' I loved it as a kid, and my kids love it, too.
Elizabeth McCracken
It seems to me that a market exchange rate which is not artificially controlled by central banks enables one to balance the interests of different market players - exporters and importers, investors, borrowers, lenders.
Elvira Nabiullina
When a bank calls in a loan, it obviously hurts the customer in question. But it also adversely affects other banks that have lent to this borrower. They are now less likely to be repaid and so can't as readily lend to their own customers.
Eric Maskin
Of all created comforts, God is the lender; you are the borrower, not the owner.
Ernest Rutherford
When I was nine, 'The Borrowers' was such a big series for me!
Gugu Mbatha-Raw
The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.
Jack Kemp
Unlike other loans, a reverse mortgage doesn't have to be repaid until the borrower moves out of the home or passes away.
We need a system that provides mortgage credit in good times and bad to a broad range of creditworthy borrowers.
The Interest Rate Reduction Act takes a first step toward providing critical stability by eliminating the threat of an immediate interest rate increase, while making clear the need to move toward a long-term solution that serves the best interests of taxpayers and borrowers.
Substantive and procedural law benefits and protects landlords over tenants, creditors over debtors, lenders over borrowers, and the poor are seldom among the favored parties.
We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management.
I was a kid who loved to read. I read everything I could get my hands on. I didn't have one favorite book. I had lots of favorite books: 'The Borrowers' by Mary Norton, 'Paddington' by Michael Bond, 'A Little Princess' by Frances Hodgson Burnett, 'Stuart Little' by EB White, 'A Cricket in Times Square,' all the Beverly Cleary books.
If you are a borrower, the more you borrow, the more it costs.
Navient's actions have led to student borrowers needlessly carrying billions of dollars in debt, and the company must be held accountable.
Navient/Sallie Mae treated student loan borrowers unfairly from start to finish.
My investigation found Sallie Mae put student borrowers into expensive subprime loans that it knew were going to fail.
More than a quarter of mortgage borrowers are underwater, and 11 percent of all homes are vacant.
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.
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.
What you want to watch are the lenders, not the borrowers. The borrowers will always be willing to take a great deal for themselves. It's up to the lenders to show restraint, and when they lose it, watch out.
Subprime mortgages, typically defined as those issued to borrowers with low credit scores, make up roughly the riskiest one-third of all mortgages.
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.
Soon we saw that money going to women brought much more benefit to the family than money going to the men. So we changed our policy and gave a high priority to women. As a result, now 96% of our four million borrowers in Grameen Bank are women.
Grameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves.
Debt is a mistake between lender and borrower, and both should suffer.
Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.
Microfinance initiatives are very high-touch models. The loan officer meets with local groups of borrowers every week, they share tips and techniques. There's a lot of training and learning that goes on, which adds to the cost of the model.
I did teach elementary school for quite a while, and so I didn't have to reach too far back for the titles and authors that populate the early chapters 'of The Borrower.'
'The Borrowers' is the story of tiny people who live beneath the floorboards of houses and borrow from the occupants. I may have tried to pull up a plank or two because of it.
Too often, borrowers who need quick cash end up trapped in loans they can't afford.
Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating.
Good nature is the cheapest commodity in the world, and love is the only thing that will pay ten percent, to borrower and lender both.
It's never been more important for borrowers to arm themselves with knowledge and build sound financial-management skills.
While payday loans are often the only source of credit for low-income Americans, these lenders are notorious for predatory practices that cause borrowers to fall deeper into debt.
Conservatives may believe that impoverished borrowers destroyed Wall Street. But we liberals will not fool ourselves that stupid bankers sank conservatism for good.
