- Nation
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- Nov 07, 2020
Borrowers Quotes
Words on lenders, credit, and the cost of borrowing.
This page brings together quotes on borrowers, from national debt and development lending to household mortgages. One quote notes how prioritizing women borrowers changed outcomes for families, a theme that connects to the Debt quotes.
- Last Updated on May 30, 2021
- Knowledge
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- Nov 07, 2020
It's never been more important for borrowers to arm themselves with knowledge and build sound financial-management skills.
- Need
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- Nov 07, 2020
Too often, borrowers who need quick cash end up trapped in loans they can't afford.
- High Priority
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- Nov 07, 2020
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.
- Lose
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- Nov 07, 2020
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.
- Low
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- Nov 07, 2020
Subprime mortgages, typically defined as those issued to borrowers with low credit scores, make up roughly the riskiest one-third of all mortgages.
- Credit
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- Nov 07, 2020
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.
- Down
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- Nov 07, 2020
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?
- Difficult
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- Nov 07, 2020
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.
- Found
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- Nov 07, 2020
My investigation found Sallie Mae put student borrowers into expensive subprime loans that it knew were going to fail.
- Company
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- Nov 07, 2020
Navient's actions have led to student borrowers needlessly carrying billions of dollars in debt, and the company must be held accountable.
- Loan
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- Nov 07, 2020
Navient/Sallie Mae treated student loan borrowers unfairly from start to finish.
- Government
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- Nov 07, 2020
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.
- Conventional Wisdom
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- Nov 07, 2020
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.
- Debt
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- Nov 07, 2020
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.
- Home
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- Nov 07, 2020
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.
- Need
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- Nov 07, 2020