Top 10 Borrowers Quotes
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The Chinese want to have their cake and eat it too. They want to have 'developing nation' status and are out there as one of the biggest borrowers on the planet from the World Bank while simultaneously trying to play...
It's never been more important for borrowers to arm themselves with knowledge and build sound financial-management skills.
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Too often, borrowers who need quick cash end up trapped in loans they can't afford.
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...
Borrower Quotes
6What 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...
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...
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...
Credit Quotes
1My investigation found Sallie Mae put student borrowers into expensive subprime loans that it knew were going to fail.
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