A Quote by Steve Mnuchin

I ran a 'loan modification machine.' — © Steve Mnuchin
I ran a 'loan modification machine.'
For many, the loan modification process has been a giant sham.
We have seen the big loan servicers drag their feet in the Obama administration's well-intentioned mortgage modification program.
We were the first bank to start a loan modification at IndyMac and had a very good record of working with the regulators.
I do not think that any thorough-going modification of college curriculum would be possible without a modification of the methods of instruction.
We developed microfinance to fight loan sharks - I was telling people don't go to loan sharks - not trying to take advantage and make money for myself. I would be a junior loan shark if I did... It is not a panacea.
We developed microfinance to fight loan sharks - I was telling people don't go to loan sharks - not trying to take advantage and make money for myself. I would be a junior loan shark if I did ... It is not a panacea.
I came to admire this machine which could lift virtually any load strapped to its back and carry it anywhere in any weather, safely and dependably. The C-47 groaned, it protested, it rattled, it leaked oil, it ran hot, it ran cold, it ran rough, it staggered along on hot days and scared you half to death, its wings flexed and twisted in a horrifying manner, it sank back to earth with a great sigh of relief - but it flew and it flew and it flew.
If your appraisal comes back too low - you don't have at least 10% equity for a conforming loan or 20% for a jumbo loan - you might not be able to refinance at all, at least with a loan that's packaged and sold to Fannie Mae and Freddie Mac. That means you may have to pay a much higher rate.
In the press, it has been said that I ran a foreclosure machine.
The water of the fountain ran, the swift river ran, the day ran into evening, so much life in the city ran into death according to rule, time and tide waited for no man, the rats were sleeping close together in their dark holes again, the Fancy Ball was lighted up at supper, all things ran their course.
Since, however, the reduced surplus value is to be distributed among them in like manner, the modification of their respective parts in the production of surplus value must find expression in a modification of the prices.
The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
If all individuals were conditioned to machine efficiency in the performance of their duties there would have to be at least one person outside the machine to give the necessary orders; if the machine absorbed or eliminated all those outside the machine, the machine will slow down and stop forever.
Who is all-powerful in the world? Who is most dreadful in the world? The machine. Who is most fair, most wealthy, and all-wise? The machine. What is the earth? A machine. What is the sky? A machine. What is man? A machine. A machine.
I ran to the forest, I ran to the trees. I ran and I ran, I was looking for me.
I think you have to find how the machine can work for you. That's what I mean by "attaching yourself to the machine," 'cause the machine is going to be there, and you can rage against the machine, which is cool, but there's ways that you can benefit off the machine if you're savvy enough and you're sharp enough, smart enough. We all got to live and eat.
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