Against Quote by Charles Duhigg

As the United States has become an older nation, reverse mortgages have grown into a $20-billion-a-year industry, with elderly homeowners taking out more than…

— Charles Duhigg

In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement.

— Charles Duhigg

For too long, Americans have fallen victim to financial abuses at the hands of predatory lenders that operate in the shadows.

— Kay Hagan

“These senior claims were supposed to be very low-risk; after all, how likely was it that a large number of people would default on…

— Paul Krugman

It is almost always a bad idea to use a reverse mortgage to pay for a vacation or to buy a risky investment, like…

— Charles Duhigg

The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on…

— Ben Stein

Much of the blame for the Great Recession lies with abuses in the housing market - namely the creation of risky and unsustainable home…

— Lisa Madigan

A lot of the problems in the mortgage world, people said, were because our competitors were evil. But a lot of it was a…

— Dan Gilbert

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the…

— Eliot Spitzer

“As a result of all this stuff, numerous companies have been sued in recent years for allegedly placing employees in investments with either subpar…

— Helaine Olen

The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were…

— Nassim Nicholas Taleb

One third of the $15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the…

— Walter E. Williams