“One more time? We've done this. We've done this at least four times where there's a new government program to help homeowners who have trouble with their mortgages. None of these programs have worked. I don't know why anyone would think that this next idea is going to work. All it does is delay the clearing of the market. As soon as the market clears and we understand where the prices really are - that will be the most important thing we can do in order to improve home values around the country.” ThinkingKnowsDoeImportantIdeasCountryDoneHelpingHomeGovernmentValuesOrderNextCan DoFourTroubleProgramImportant ThingsConservativeMore TimeDelayGoing To WorkMortgageClearingGovernment ProgramsNew GovernmentConservative ValuesHomeowners Author:John Boehner
“Los Angeles is the home of the three little white lies: "The Ferrari is paid for," "The mortgage is assumable," and "It's just a cold sore!” LittlesHomeLyingThreeWhiteColdPaidLos AngelesMortgageFerrariWhite Lie Author:Milton Berle
“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.” ShouldFirstsHomePercentFirst TimeAskingCongressRemoveZeroInitiativePaymentMortgageBuyers Author:George W. Bush
“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.” HomeComplainingCoffeeSuitsMortgageYoungstersAlfa Romeo Book:The world according to Clarkson Source: The world according to Clarkson
“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.” NeedsYearsHomeLevelsBuiltMajoritySignificantDespiteDeclineEquityHousingTriggersMortgageWithdrawalHomeownersForeclosureHome Equity Author:Alan Greenspan