--- title: "Meaning & Key Takeaway of: American consumers might benefit if…" description: "\"American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.\" — Alan Greenspan" image: "https://sms4smile.com/quotes/i/12a/alan-greenspan-1834_alternatives_american-consumers-might-benefit-if-lend_1674759.png" --- # American consumers might benefit if lenders provided… ![“American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.” quote by Alan Greenspan](https://sms4smile.com/quotes/i/12a/alan-greenspan-1834_alternatives_american-consumers-might-benefit-if-lend_1674759.png) [Download](https://sms4smile.com/quotes/i/12a/alan-greenspan-1834_alternatives_american-consumers-might-benefit-if-lend_1674759.png) [Open image](https://sms4smile.com/quotes/i/12a/alan-greenspan-1834_alternatives_american-consumers-might-benefit-if-lend_1674759.png) > “American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.” [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Offering more mortgage options can give consumers flexibility and potentially lower costs. **In simple terms:** More loan choices help borrowers. Key Takeaway Consider alternative mortgage products. Themes finance consumer choice housing market Mood pragmatic analytical Type policy advisory When to use this quote - home buying - refinancing - financial planning Key Concepts risk management product diversification Questions to Reflect On - What alternatives could better serve diverse borrowers? - How might increased choice affect market stability? A Different Perspective Lenders may lack capacity to develop new products. ★ ★ ★ ★ ★ No ratings yet [Consumers](https://sms4smile.com/quotes/about/consumers/) ## Related quotes > [For consumers to benefit from technology, there has to be fair and open competition. Fair and open competition is the only course we know…](https://sms4smile.com/quotes/hector-ruiz/for-consumers-to-benefit-from-technology-there-has-to-be-fair-and/) [Hector Ruiz](https://sms4smile.com/quotes/author/hector-ruiz/) > [American consumers benefit from free trade and investment.](https://sms4smile.com/quotes/john-shadegg/american-consumers-benefit-from-free-trade-and-investment/) [John Shadegg](https://sms4smile.com/quotes/author/john-shadegg/) > [Nine of 10 whites in Chicago borrow from top-drawer banks and mortgage companies, which the industry calls prime lenders. They lend to people with…](https://sms4smile.com/quotes/bill-dedman/nine-of-10-whites-in-chicago-borrow-from-top-drawer-banks-and/) [Bill Dedman](https://sms4smile.com/quotes/author/bill-dedman/) > [Unfortunately, throughout the housing crisis we've seen innocent homeowners who have been victims of shady mortgage lenders and unscrupulous individuals who have used a…](https://sms4smile.com/quotes/chuck-grassley/unfortunately-throughout-the-housing-crisis-we-ve-seen-innocent/) [Chuck Grassley](https://sms4smile.com/quotes/author/chuck-grassley/) > [Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.](https://sms4smile.com/quotes/alan-greenspan/improvements-in-lending-practices-driven-by-information-technology/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority…](https://sms4smile.com/quotes/alan-greenspan/a-decline-in-the-national-housing-price-level-would-need-to-be/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [A money-lender--he serves you in the present tense; he lends you in the conditional mood; keeps you in the conjunctive; and ruins you in…](https://sms4smile.com/quotes/joseph-addison/a-money-lender-he-serves-you-in-the-present-tense-he-lends-you-in-the/) [Joseph Addison](https://sms4smile.com/quotes/author/joseph-addison/) > [“Lenders want to have peace of mind when it comes to getting their money back plus profit – collateral is one thing that gives…](https://sms4smile.com/quotes/hendrith-vanlon-smith-jr/lenders-want-to-have-peace-of-mind-when-it-comes-to-getting-their/) [Hendrith Vanlon Smith Jr](https://sms4smile.com/quotes/author/hendrith-vanlon-smith-jr/) > [Unlike national markets, which tend to be supported by domestic regulatory and political institutions, global markets are only 'weakly embedded'. There is no global…](https://sms4smile.com/quotes/dani-rodrik/unlike-national-markets-which-tend-to-be-supported-by-domestic/) [Dani Rodrik](https://sms4smile.com/quotes/author/dani-rodrik/) > [Banks and other providers of credit to households have been competing vigorously to expand or protect their market share. In the process, lending standards…](https://sms4smile.com/quotes/ian-macfarlane/banks-and-other-providers-of-credit-to-households-have-been-competing/) [Ian Macfarlane](https://sms4smile.com/quotes/author/ian-macfarlane/) > [The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially…](https://sms4smile.com/quotes/nouriel-roubini/the-treasury-plan-is-a-disgrace-a-bailout-of-reckless-bankers-lenders/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [One of the issues with some of these lenders is going to be, where will their provider of credit be when there's a crisis?…](https://sms4smile.com/quotes/jamie-dimon/one-of-the-issues-with-some-of-these-lenders-is-going-to-be-where/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Keep thy foot out of brothels, thy hand out of plackets, thy pen from lender's books, and defy the foul fiend.](https://sms4smile.com/quotes/william-shakespeare/keep-thy-foot-out-of-brothels-thy-hand-out-of-plackets-thy-pen-from/) [William Shakespeare](https://sms4smile.com/quotes/author/william-shakespeare/) > [The Rothschilds, and that class of money-lenders of whom they are the representatives and agents - men who never think of lending a shilling…](https://sms4smile.com/quotes/lysander-spooner/the-rothschilds-and-that-class-of-money-lenders-of-whom-they-are-the/) [Lysander Spooner](https://sms4smile.com/quotes/author/lysander-spooner/) > [It is assumed that when anyone gets into debt, the fault is entirely and always the fault of the lender.](https://sms4smile.com/quotes/bernard-levin/it-is-assumed-that-when-anyone-gets-into-debt-the-fault-is-entirely/) [Bernard Levin](https://sms4smile.com/quotes/author/bernard-levin/) ## More by Alan Greenspan > [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock,…](https://sms4smile.com/quotes/alan-greenspan/at-the-risk-of-some-oversimplification-if-the-skill-composition-of/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal…](https://sms4smile.com/quotes/alan-greenspan/to-succeed-you-will-soon-learn-as-i-did-the-importance-of-a-solid/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.](https://sms4smile.com/quotes/alan-greenspan/i-ve-always-argued-that-this-country-has-benefited-immensely-from-the/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It…](https://sms4smile.com/quotes/alan-greenspan/i-cannot-conceive-of-a-politically-feasible-solution-to-this-problem/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove…](https://sms4smile.com/quotes/alan-greenspan/before-i-met-ayn-rand-i-was-a-logical-positivist-and-accordingly-i/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [ Skilled shortages in America exist because we are shielding our skilled labor force from world competition. \[Visa quotas\] have been substituted for the wage… ](https://sms4smile.com/quotes/alan-greenspan/skilled-shortages-in-america-exist-because-we-are-shielding-our/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority…](https://sms4smile.com/quotes/alan-greenspan/a-decline-in-the-national-housing-price-level-would-need-to-be/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the…](https://sms4smile.com/quotes/alan-greenspan/although-the-outlook-is-clouded-by-a-number-of-uncertainties-the/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in…](https://sms4smile.com/quotes/alan-greenspan/at-the-outset-of-the-creation-of-the-euro-in-1999-it-was-expected/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy…](https://sms4smile.com/quotes/alan-greenspan/we-may-be-in-a-rapidly-evolving-international-financial-system-with/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [The guiding purpose of the government regulator is to prevent rather than to create something.](https://sms4smile.com/quotes/alan-greenspan/the-guiding-purpose-of-the-government-regulator-is-to-prevent-rather/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [“government regulation cannot substitute for individual integrity.”](https://sms4smile.com/quotes/alan-greenspan/government-regulation-cannot-substitute-for-individual-integrity/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do…](https://sms4smile.com/quotes/alan-greenspan/our-market-system-depends-critically-on-trust-trust-in-the-word-of/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged…](https://sms4smile.com/quotes/alan-greenspan/it-s-hard-to-overemphasize-how-important-ford-s-deregulation-was-true/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Explore all 204 Alan Greenspan quotes ](https://sms4smile.com/quotes/author/alan-greenspan/) ## More Alternatives quotes > [I am very sad that some designers are still using real fur when the fake alternatives are so effective and so easily obtainable.](https://sms4smile.com/quotes/twiggy/i-am-very-sad-that-some-designers-are-still-using-real-fur-when-the/) [Twiggy](https://sms4smile.com/quotes/author/twiggy/) > [The prophet who fails to present a bearable alternative and yet preaches doom is part of the trap that he postulates. Not only does…](https://sms4smile.com/quotes/margaret-mead/the-prophet-who-fails-to-present-a-bearable-alternative-and-yet/) [Margaret Mead](https://sms4smile.com/quotes/author/margaret-mead/) > [I strongly reject any conceptual scheme that places our options on a line, and holds that the only alternative to a pair of extreme…](https://sms4smile.com/quotes/stephen-jay-gould/i-strongly-reject-any-conceptual-scheme-that-places-our-options-on-a/) [Stephen Jay Gould](https://sms4smile.com/quotes/author/stephen-jay-gould/) > [Conventional agriculture has never succeeded in feeding the world, and it's never produced anything good to eat. For the future, we need to look…](https://sms4smile.com/quotes/dan-barber/conventional-agriculture-has-never-succeeded-in-feeding-the-world-and/) [Dan Barber](https://sms4smile.com/quotes/author/dan-barber/) > [ \[When asked how it felt to be a female prime minister:\] I don't know: I've never experienced the alternative. ](https://sms4smile.com/quotes/margaret-thatcher/when-asked-how-it-felt-to-be-a-female-prime-minister-i-don-t-know-i/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [If one could have a wish, or an alternative life, I would've liked to have been John Lennon.](https://sms4smile.com/quotes/gary-oldman/if-one-could-have-a-wish-or-an-alternative-life-i-would-ve-liked-to/) [Gary Oldman](https://sms4smile.com/quotes/author/gary-oldman/) > [THE REAL PURPOSE OF HOLOCAUST REVISIONISM IS TO MAKE NATIONAL SOCIALISM AN ACCEPTABLE POLITICAL ALTERNATIVE AGAIN.](https://sms4smile.com/quotes/harold-covington/the-real-purpose-of-holocaust-revisionism-is-to-make-national/) Harold Covington > [Men since the beginning of time have sought peace...military alliances, balances of power, leagues of nations, all in turn have failed, leaving the only…](https://sms4smile.com/quotes/douglas-macarthur/men-since-the-beginning-of-time-have-sought-peace-military-alliances/) [Douglas MacArthur](https://sms4smile.com/quotes/author/douglas-macarthur/) > [Buddhist words such as compassion and emptiness don't mean much until we start cultivating our innate ability simply to be there with pain with…](https://sms4smile.com/quotes/pema-ch-dr-n/buddhist-words-such-as-compassion-and-emptiness-don-t-mean-much-until/) [Pema Chodron](https://sms4smile.com/quotes/author/pema-ch-dr-n/) > [The mission of Christian humility in social life is not merely to edify, but to keep minds open to many alternatives. The rigidity of…](https://sms4smile.com/quotes/thomas-merton/the-mission-of-christian-humility-in-social-life-is-not-merely-to/) [Thomas Merton](https://sms4smile.com/quotes/author/thomas-merton/) > [Maximise the alternative forms in which a user might receive a service, and the alternative sources of supply.](https://sms4smile.com/quotes/don-chipp/maximise-the-alternative-forms-in-which-a-user-might-receive-a/) Don Chipp > [In the last few years, the very idea of telling the truth, the whole truth, and nothing but the truth is dredged up only…](https://sms4smile.com/quotes/michael-musto/in-the-last-few-years-the-very-idea-of-telling-the-truth-the-whole/) [Michael Musto](https://sms4smile.com/quotes/author/michael-musto/) > [Altermodern is an in-progress redefinition of modernity in the era of globalisation, stressing the experience of wandering in time, space and mediums. The term…](https://sms4smile.com/quotes/nicolas-bourriaud/altermodern-is-an-in-progress-redefinition-of-modernity-in-the-era-of/) Nicolas Bourriaud > [If the system exhibits a structure which can be represented by a mathematical equivalent, called a mathematical model, and if the objective can be…](https://sms4smile.com/quotes/george-dantzig/if-the-system-exhibits-a-structure-which-can-be-represented-by-a/) [George Dantzig](https://sms4smile.com/quotes/author/george-dantzig/) > [We must commit ourselves to an 'all of the above' energy approach, with a major focus on increasing domestic production and expanding alternatives fuels,…](https://sms4smile.com/quotes/peter-roskam/we-must-commit-ourselves-to-an-all-of-the-above-energy-approach-with/) [Peter Roskam](https://sms4smile.com/quotes/author/peter-roskam/) Browse all 1,463 Alternatives quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/alan-greenspan/american-consumers-might-benefit-if-lenders-provided-greater-mortgage/", "about": { "@type": "Thing", "name": "Alternatives" }, "@id": "https://sms4smile.com/quotes/alan-greenspan/american-consumers-might-benefit-if-lenders-provided-greater-mortgage/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/12a/alan-greenspan-1834_alternatives_american-consumers-might-benefit-if-lend_1674759.png", "contentUrl": "https://sms4smile.com/quotes/i/12a/alan-greenspan-1834_alternatives_american-consumers-might-benefit-if-lend_1674759.png", "url": "https://sms4smile.com/quotes/i/12a/alan-greenspan-1834_alternatives_american-consumers-might-benefit-if-lend_1674759.png", "width": 1080, "height": 1080, "caption": "“American consumers might benefit if lenders provided greater mortgage product alternatives to the…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Alan Greenspan", "item": "https://sms4smile.com/quotes/author/alan-greenspan/" }, { "@type": "ListItem", "position": 4, "name": "American consumers might benefit if lenders...", "item": "https://sms4smile.com/quotes/alan-greenspan/american-consumers-might-benefit-if-lenders-provided-greater-mortgage/" } ], "@id": "https://sms4smile.com/quotes/alan-greenspan/american-consumers-might-benefit-if-lenders-provided-greater-mortgage/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```