--- title: "10 Mortgage Quotes By Mark Zandi" description: "10 Mortgage quotes by Mark Zandi. Plus more from Mark Zandi and more Mortgage sayings from other authors." image: "https://sms4smile.com/quotes/i/f3b/mark-zandi-12567_born_the-tea-party-was-born-out-of-the-disgus_1632395.png" --- > [The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal…](https://sms4smile.com/quotes/mark-zandi/the-tea-party-was-born-out-of-the-disgust-many-americans-felt-early/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/f3b/mark-zandi-12567_born_the-tea-party-was-born-out-of-the-disgus_1632395.png) > [Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages…](https://sms4smile.com/quotes/mark-zandi/indeed-the-fha-was-born-out-of-the-great-depression-which-was-also/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/72d/mark-zandi-12567_1930s_indeed-the-fha-was-born-out-of-the-great_2249348.png) > [The Obama administration deserves credit for quickly ending the housing free fall. In particular, Obama empowered the Federal Housing Administration to ensure…](https://sms4smile.com/quotes/mark-zandi/the-obama-administration-deserves-credit-for-quickly-ending-the/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/77c/mark-zandi-12567_administration_the-obama-administration-deserves-credit_2887020.jpg) > [In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the…](https://sms4smile.com/quotes/mark-zandi/in-a-forbearance-the-homeowner-pays-interest-and-principal-on-a/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/d7a/mark-zandi-12567_affordability_in-a-forbearance-the-homeowner-pays-inte_1619210.png) > [There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage…](https://sms4smile.com/quotes/mark-zandi/there-is-no-better-way-to-quickly-buoy-hard-pressed-homeowners-than/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/f3b/mark-zandi-12567_advantage_there-is-no-better-way-to-quickly-buoy-h_610385.jpg) > [Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their…](https://sms4smile.com/quotes/mark-zandi/potential-home-buyers-have-a-two-step-decision-process-first-they/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/845/mark-zandi-12567_buyers_potential-home-buyers-have-a-two-step-de_1681842.png) > [The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more…](https://sms4smile.com/quotes/mark-zandi/the-average-credit-score-of-today-s-fha-borrowers-is-higher-than-the/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/79a/mark-zandi-12567_attractive_the-average-credit-score-of-today-s-fha_618026.jpg) > [Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great…](https://sms4smile.com/quotes/mark-zandi/too-easy-credit-and-millions-of-bad-loans-made-during-the-u-s-housing/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/33c/mark-zandi-12567_bubbles_too-easy-credit-and-millions-of-bad-loan_957173.jpg) > [The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also…](https://sms4smile.com/quotes/mark-zandi/the-fha-s-success-provides-strong-evidence-that-government-can-and/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/533/mark-zandi-12567_economy_the-fha-s-success-provides-strong-eviden_1319677.png) > [At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage…](https://sms4smile.com/quotes/mark-zandi/at-the-center-of-every-recession-is-a-serious-imbalance-in-the/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) [Image](https://sms4smile.com/quotes/i/9d4/mark-zandi-12567_bubbles_at-the-center-of-every-recession-is-a-se_567569.png) ## Other authors on Mortgage ## More by Mark Zandi > [Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.](https://sms4smile.com/quotes/mark-zandi/our-biggest-challenge-is-to-eliminate-the-popular-perception-that/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes…](https://sms4smile.com/quotes/mark-zandi/in-a-normal-time-i-don-t-think-economic-policy-makes-a-large/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [It is easy to be pessimistic. These are extraordinarily difficult times, and the collective psyche is teetering. But we are closer to righting the…](https://sms4smile.com/quotes/mark-zandi/it-is-easy-to-be-pessimistic-these-are-extraordinarily-difficult/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your…](https://sms4smile.com/quotes/mark-zandi/no-one-should-expect-the-value-of-their-house-to-appreciate-quickly/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [We're getting job creation in healthcare and educational services. We've been getting that all along. It's demographically driven, it's funded by the government, and…](https://sms4smile.com/quotes/mark-zandi/we-re-getting-job-creation-in-healthcare-and-educational-services-we/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.](https://sms4smile.com/quotes/mark-zandi/there-are-different-flavors-of-recession-you-can-get-into-some-pretty/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.](https://sms4smile.com/quotes/mark-zandi/buying-a-home-wouldn-t-make-much-sense-if-house-prices-were-likely-to/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [I'm a registered Democrat.](https://sms4smile.com/quotes/mark-zandi/i-m-a-registered-democrat/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax…](https://sms4smile.com/quotes/mark-zandi/now-i-do-think-when-we-move-into-2012-and-13-when-presumably-the/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the…](https://sms4smile.com/quotes/mark-zandi/at-the-center-of-every-recession-is-a-serious-imbalance-in-the/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and…](https://sms4smile.com/quotes/mark-zandi/there-is-no-better-way-to-quickly-buoy-hard-pressed-homeowners-than/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [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…](https://sms4smile.com/quotes/mark-zandi/the-average-credit-score-of-today-s-fha-borrowers-is-higher-than-the/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.](https://sms4smile.com/quotes/mark-zandi/an-overheating-economy-characterized-by-accelerating-inflation-and/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that…](https://sms4smile.com/quotes/mark-zandi/too-easy-credit-and-millions-of-bad-loans-made-during-the-u-s-housing/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.](https://sms4smile.com/quotes/mark-zandi/distressed-properties-are-often-vacant-and-in-disrepair-and-thus-sold/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/mortgage/mark-zandi/#itemlist", "name": "10 Mortgage Quotes By Mark Zandi", "numberOfItems": 10, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.", "creator": { "@type": "Person", "name": "Mark Zandi" }, "url": "https://sms4smile.com/quotes/mark-zandi/the-tea-party-was-born-out-of-the-disgust-many-americans-felt-early/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f3b/mark-zandi-12567_born_the-tea-party-was-born-out-of-the-disgus_1632395.png", "contentUrl": "https://sms4smile.com/quotes/i/f3b/mark-zandi-12567_born_the-tea-party-was-born-out-of-the-disgus_1632395.png", "url": "https://sms4smile.com/quotes/i/f3b/mark-zandi-12567_born_the-tea-party-was-born-out-of-the-disgus_1632395.png", "width": 1080, "height": 1080, "caption": "“The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning…” — Mark Zandi", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. 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First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?", "creator": { "@type": "Person", "name": "Mark Zandi" }, "url": "https://sms4smile.com/quotes/mark-zandi/potential-home-buyers-have-a-two-step-decision-process-first-they/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/845/mark-zandi-12567_buyers_potential-home-buyers-have-a-two-step-de_1681842.png", "contentUrl": "https://sms4smile.com/quotes/i/845/mark-zandi-12567_buyers_potential-home-buyers-have-a-two-step-de_1681842.png", "url": "https://sms4smile.com/quotes/i/845/mark-zandi-12567_buyers_potential-home-buyers-have-a-two-step-de_1681842.png", "width": 1080, "height": 1080, "caption": "“Potential home buyers have a two-step decision process. 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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.", "creator": { "@type": "Person", "name": "Mark Zandi" }, "url": "https://sms4smile.com/quotes/mark-zandi/the-average-credit-score-of-today-s-fha-borrowers-is-higher-than-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/79a/mark-zandi-12567_attractive_the-average-credit-score-of-today-s-fha_618026.jpg", "contentUrl": "https://sms4smile.com/quotes/i/79a/mark-zandi-12567_attractive_the-average-credit-score-of-today-s-fha_618026.jpg", "url": "https://sms4smile.com/quotes/i/79a/mark-zandi-12567_attractive_the-average-credit-score-of-today-s-fha_618026.jpg", "width": 1080, "height": 1080, "caption": "“The average credit score of today's FHA borrowers is higher than the average American household with a…” — Mark Zandi", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.", "creator": { "@type": "Person", "name": "Mark Zandi" }, "url": "https://sms4smile.com/quotes/mark-zandi/too-easy-credit-and-millions-of-bad-loans-made-during-the-u-s-housing/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/33c/mark-zandi-12567_bubbles_too-easy-credit-and-millions-of-bad-loan_957173.jpg", "contentUrl": "https://sms4smile.com/quotes/i/33c/mark-zandi-12567_bubbles_too-easy-credit-and-millions-of-bad-loan_957173.jpg", "url": "https://sms4smile.com/quotes/i/33c/mark-zandi-12567_bubbles_too-easy-credit-and-millions-of-bad-loan_957173.jpg", "width": 1080, "height": 1080, "caption": "“Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the…” — Mark Zandi", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.", "creator": { "@type": "Person", "name": "Mark Zandi" }, "url": "https://sms4smile.com/quotes/mark-zandi/the-fha-s-success-provides-strong-evidence-that-government-can-and/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/533/mark-zandi-12567_economy_the-fha-s-success-provides-strong-eviden_1319677.png", "contentUrl": "https://sms4smile.com/quotes/i/533/mark-zandi-12567_economy_the-fha-s-success-provides-strong-eviden_1319677.png", "url": "https://sms4smile.com/quotes/i/533/mark-zandi-12567_economy_the-fha-s-success-provides-strong-eviden_1319677.png", "width": 1080, "height": 1080, "caption": "“The FHA's success provides strong evidence that government can and should play a role in the nation's…” — Mark Zandi", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.", "creator": { "@type": "Person", "name": "Mark Zandi" }, "url": "https://sms4smile.com/quotes/mark-zandi/at-the-center-of-every-recession-is-a-serious-imbalance-in-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9d4/mark-zandi-12567_bubbles_at-the-center-of-every-recession-is-a-se_567569.png", "contentUrl": "https://sms4smile.com/quotes/i/9d4/mark-zandi-12567_bubbles_at-the-center-of-every-recession-is-a-se_567569.png", "url": "https://sms4smile.com/quotes/i/9d4/mark-zandi-12567_bubbles_at-the-center-of-every-recession-is-a-se_567569.png", "width": 1080, "height": 1080, "caption": "“At the center of every recession is a serious imbalance in the economy and mirrored in the financial system…” — Mark Zandi", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/mortgage/mark-zandi/#webpage", "url": "https://sms4smile.com/quotes/about/mortgage/mark-zandi/", "name": "Mortgage Quotes by Mark Zandi", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/mortgage/mark-zandi/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/f3b/mark-zandi-12567_born_the-tea-party-was-born-out-of-the-disgus_1632395.png" }, "description": "10 Mortgage quotes by Mark Zandi. 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