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

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"It took the form of declining standards for honesty in the measurement of earnings, declining commitment of managers to creating genuine long-term value, declining standards for approval of loans such as home mortgages and consumer loans. All of these declines threaten to become a yet more serious problem if public figures do not speak out against them. The decline in the standards of mortgage lending threatens to become an issue after interest rates increase further, gradually over a period of years." - Brian Fagan, Floods, Famines, and Emperors: El Nino and the Fate of Civilizations (Get the book.)

"State and Local Government Debt 1972 1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2004 Amount Financed for New Auto Loans $30,000 $25,000 $5,000 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 20012003 2004 Figure 10.6 home mortgages Outstanding and Real Estate Loans at All Commercial Banks Consistent with speculative bubbles throughout history, the great Tech Wreck on Wall Street circa ad 2000—which was itself financed by corporate borrowing—was followed by a dramatic rise in speculation on real estate . . . also, on a borrowed dime." - William Bonner, Addison Wiggin, Empire of Debt: The Rise of an Epic Financial Crisis (Get the book.) "Hill was warily reducing his bank's exposure—especially to residential property. home mortgages were less than a third of commercial bank loans in 1980. Now they are nearly two-thirds. Other bankers will lend to anyone who can sign his name, provided he is buying a house. Mr. Hill wants to know how the borrower will be able to pay back his loan if-—heaven forfend—his house doesn't go up in price by 20 percent this year. These were not the sort of practices that would make Mr. Hill's establishment the "Bank of the Year" or get his photo on the cover of Business Week. Not in the year 2005." - William Bonner, Addison Wiggin, Empire of Debt: The Rise of an Epic Financial Crisis (Get the book.)

"S&L) financial institution that accepts deposits from the public and lends its funds primarily as home mortgages. Securities and Exchange Commission (SEC) created by the Securities Exchange Act of 1934, it monitors and regulates the sale of corporate securities in the U.S. seigniorage originally the profit made by a ruler who issues money with a face value exceeding the cost of production; today it refers to the ability of governments to issue new money to pay for goods and services, selling short (short selling) sale of a stock that is not actually owned." - The New York Times, The New York Times Guide to Essential Knowledge: A Desk Reference for the Curious Mind (Get the book.)

"These special banks, or "thrifts," were first chartered as a means to provide for long-term home mortgages. Before Ronald Reagan took office, S&Ls had to keep at least 80 percent of their assets in home loans, by law. A typical S&L would offer 3 percent interest on money deposited with it, and make mortgage loans to homebuyers at 6 percent. The 3 percent difference or "spread" covered the bank officers' salaries, and paid building rent and owner profits. Obviously this required a stable currency." - James Howard Kunstler, The Long Emergency: Surviving the End of Oil, Climate Change, and Other Converging Catastrophes of the Twenty-First Century (Get the book.)

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