A Quote by Jamie Dimon

A lot of these things have hurt the average American. When they look at the banks and they say, "Well, the bank's talking its own game," I am telling you, what we've done in mortgage lending, our inability to have proper regulations around mortgages, has hurt average Americans. First-time buyers, immigrant buyers, prior defaults, self-employed, because they can't get a mortgage. Will it make a big difference to JPMorgan Chase? No, but you're hurting my fellow citizens. Let's go at it, and let's fix it.

Jamie Dimon

Quote Topics

Am American Around Average Bank Banks Because Big Big Difference Buyers Chase Citizens Difference Done Employed Fellow Fellow Citizens First Fix Game Get Go Hurt Hurting Immigrant Inability Lending Look Lot Make Mortgage Our Own Prior Proper Regulations Say Self Talking Telling They Say Things Time Well Will

Quote Author

Jamie Dimon
American - Businessman
Born: March 13, 1956

The myth is that if housing prices go up, Americans will be richer. What banks - and behind them, the Federal Reserve - really want is for new buyers to be able to borrow enough money to buy the houses from mortgage defaulters, and thus save the banks from suffering from more mortgage defaults.

Michael Hudson

The same with the mortgage brokers that were selling people mortgages they couldn't afford. We shouldn't pay them on each mortgage they write. They should have what they call "skin in the game," where they've got to reimburse us if the guy who sold the mortgage defaults.

Richard Thaler

No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.

Thomas Sowell

The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.

Elizabeth Warren

My guess is the big Chinese banks will be in 100?countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U.S. at some point. Whether they do or not, or if it's allowed or not, I don't know.

Jamie Dimon

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.

Mark Zandi

Yes, when they're buying there are more buyers in the market and that's supportive of the price. The more buyers you have, the firmer the price is going to be. When central banks were selling it was a headwind the market had to overcome. Now it's a tailwind that central banks are joining the buyers.

Peter Schiff

How many times in life can we make decisions that are important but will not hurt anyone? Are we obligated- maybe we are- to say yes to any choice when no one will be hurt? We use the word hurt when talking about things like this because when these things go wrong it can feel as if you were hit in the sternum by a huge animal that's run for miles just to strike you.

Dave Eggers

Both HUD and the Department of Justice began bringing lawsuits against mortgage bankers when a higher percentage of minority applicants than white applicants were turned down for mortgage loans. A substantial majority of both black and white mortgage loan applicants had their loans approved but a statistical difference was enough to get a bank sued.

Thomas Sowell

Most of what we know about sales comes from a world of information asymmetry, where for a very long time sellers had more information than buyers. That meant sellers could hoodwink buyers, especially if buyers did not have a lot of choices or a way to talk back.

Daniel H. Pink

You are an American, so you're hurt that other American citizens have been hurt, but you end up having to shoulder the shame for something that you don't even believe. There's a lot of years where Muslims have dealt with having to make themselves very small and not disrupt the flow and not - make sure that you're not noticed because, you know, deep down inside people are not really excited that you're around .

Mahershala Ali

Except for a handful of banks that just keep a handful of their loans in portfolio, on their balance sheet, every other loan that's originated in the United States - whether from a bank, mortgage company, mortgage broker - is sold into the secondary market.

Dan Gilbert

A sight game is that I am hurt, but I aim to make you believe I am not even hurt, and with this confidence appearing on my face, I don't panic, otherwise your opponent will know that you are hurt. That's the whole art game in boxing.

Evander Holyfield

We will not, on the altar of money, mortgage our conscience, mortgage our faith, mortgage our salvation.

Peter Akinola

When the U.K. or U.S. government issues bonds to fund a deficit, the buyers are not solely in the U.K. or the U.S. - they're in Asia, Europe, Latin America and the Middle East. Investment banks provide direct access to these buyers.

Bob Diamond

In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into different-rated slices rated by agencies like S&P and Moody's. They had names like Park Place and People's Choice. It was clear to me that many of the buyers of these repackaged subprime mortgages were doing little analysis.

Michael Burry

A Quote by Jamie Dimon

Quote Topics

Quote Author

Related Quotes

Related Authors