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Quotes about Home Loan from the world's top natural health / natural living authors

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"If you can fog a mirror, you can get a home loan," said a mortgage analyst to the Los Angeles (LA) Times. In the past, being able to fog a mirror was a necessary requirement for credit. Only now has it become sufficient. If the present trend continues, soon lenders will not even bother to hold up the mirror. There was no particular reason why the dead should be denied mortgage credit; they would probably be at least as good risks as many of the living who are getting it. Maybe better. At least they don't skip town and don't put their feet on the furniture." - William Bonner, Addison Wiggin, Empire of Debt: The Rise of an Epic Financial Crisis (Get the book.)

"Along with similar entities like the Federal home loan Banks, both GSEs served their purpose by borrowing at relatively cheap rates in the wholesale markets and using the funds to purchase mortgages from lending institutions, thus expanding overall capacity. But it was only a matter of time until the combination of moral hazard, unintended consequences of government actions, and an increasingly competitive financial services environment transformed their mission into a crisis. Arguably, the turning point for both agencies occurred when they were converted into public companies." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.) "Originally part of the Federal home loan Bank system, sister agency Freddie Mac was privatized in 1989. Like the S&Ls during the 1980s, Fannie and Freddie were suddenly free of regulatory burdens and forced to compete with more experienced, sophisticated, and aggressive financial firms in a rapidly changing marketplace. In large part, they capitalized on their inherent advantages: their established position at the center of the mortgage universe and the widespread perception that their bonds and other obligations were nearly as good as government-issued debt." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.)

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