--- title: "Meaning & Key Takeaway of: In the past, if a homeowner with a…" description: "\"In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclos..." image: "https://sms4smile.com/quotes/i/293/henry-paulson-2282_because_in-the-past-if-a-homeowner-with-a-mortga_329742.jpg" --- # In the past, if a homeowner with a mortgage had a problem… ![“In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community.” quote by Henry Paulson](https://sms4smile.com/quotes/i/293/henry-paulson-2282_because_in-the-past-if-a-homeowner-with-a-mortga_329742.jpg) [Download](https://sms4smile.com/quotes/i/293/henry-paulson-2282_because_in-the-past-if-a-homeowner-with-a-mortga_329742.jpg) [Open image](https://sms4smile.com/quotes/i/293/henry-paulson-2282_because_in-the-past-if-a-homeowner-with-a-mortga_329742.jpg) > “In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community.” [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. When borrowers struggle, lenders often negotiate because foreclosure costs are high and harms all parties. **In simple terms:** Lenders prefer deals over costly foreclosures. Key Takeaway Negotiate early to avoid foreclosure. Themes finance community risk management Mood concerned pragmatic Type educational policy When to use this quote - homeowner financial distress - bank lending - community stability Key Concepts mortgage negotiation cost of default Questions to Reflect On - How can lenders better support struggling borrowers? - What policies reduce foreclosure costs? A Different Perspective Negotiations may still leave borrowers with debt. ★ ★ ★ ★ ★ No ratings yet [Community](https://sms4smile.com/quotes/about/community/) [Past](https://sms4smile.com/quotes/about/past/) [Payment](https://sms4smile.com/quotes/about/payment/) [Problem](https://sms4smile.com/quotes/about/problem/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [ They \[political leaders \] thought the only problem was the banking system, and if they fixed the banking system, all would be fine. But… ](https://sms4smile.com/quotes/joseph-stiglitz/they-political-leaders-thought-the-only-problem-was-the-banking/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Foreclosures are a significant problem; they're an economic problem.](https://sms4smile.com/quotes/henry-paulson/foreclosures-are-a-significant-problem-they-re-an-economic-problem/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures.](https://sms4smile.com/quotes/henry-paulson/i-m-telling-you-that-there-is-no-silver-bullet-to-keep-home-prices/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [Trying to avert foreclosures, once you can't just force the banks to do it as a condition of getting aid, means that you have…](https://sms4smile.com/quotes/barney-frank/trying-to-avert-foreclosures-once-you-can-t-just-force-the-banks-to/) [Barney Frank](https://sms4smile.com/quotes/author/barney-frank/) > [It's like, hmm, there's people with $2000 weaves that could have bought health care with that weave money. They don't have insurance. People want…](https://sms4smile.com/quotes/chris-rock/it-s-like-hmm-there-s-people-with-2000-weaves-that-could-have-bought/) [Chris Rock](https://sms4smile.com/quotes/author/chris-rock/) > [President Obama's re-election campaign said that this year they'll knock on 150 percent more doors than they did in 2008. Well, of course they…](https://sms4smile.com/quotes/jay-leno/president-obama-s-re-election-campaign-said-that-this-year-they-ll/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [Community groups contend that door-to-door loan sales are often followed by foreclosures.](https://sms4smile.com/quotes/bill-dedman/community-groups-contend-that-door-to-door-loan-sales-are-often/) [Bill Dedman](https://sms4smile.com/quotes/author/bill-dedman/) > [Trapped in the bureaucracy nightmare, real families suffer when the big banks and their servicers force foreclosures. The emotional toll on children packing up…](https://sms4smile.com/quotes/sheldon-whitehouse/trapped-in-the-bureaucracy-nightmare-real-families-suffer-when-the/) [Sheldon Whitehouse](https://sms4smile.com/quotes/author/sheldon-whitehouse/) > [People want what they want. And I guess that is a reason we have this big credit card problem and a lot of these…](https://sms4smile.com/quotes/chris-rock/people-want-what-they-want-and-i-guess-that-is-a-reason-we-have-this/) [Chris Rock](https://sms4smile.com/quotes/author/chris-rock/) > [There are two things in the world that can never get together- religion & common sense.](https://sms4smile.com/quotes/george-william-foote/there-are-two-things-in-the-world-that-can-never-get-together/) George William Foote > [Luck happens when preparedness and opportunity get together.](https://sms4smile.com/quotes/venita-vancaspel/luck-happens-when-preparedness-and-opportunity-get-together/) [Venita VanCaspel](https://sms4smile.com/quotes/author/venita-vancaspel/) > [I love using the latest technologies to make life more efficient, but I don't want to advocate that technology replaces the need to get…](https://sms4smile.com/quotes/maynard-webb/i-love-using-the-latest-technologies-to-make-life-more-efficient-but/) [Maynard Webb](https://sms4smile.com/quotes/author/maynard-webb/) > [My brothers and sister and me grew up making fun of each other, the way we'd speak or move. When we get together, everyone's…](https://sms4smile.com/quotes/colman-domingo/my-brothers-and-sister-and-me-grew-up-making-fun-of-each-other-the/) [Colman Domingo](https://sms4smile.com/quotes/author/colman-domingo/) > [It's a very familiar type of place where people either go to their house on the lake or they get together in different places.…](https://sms4smile.com/quotes/steve-carell/it-s-a-very-familiar-type-of-place-where-people-either-go-to-their/) [Steve Carell](https://sms4smile.com/quotes/author/steve-carell/) > [My kids all do love to hunt and fish. When they get together, I think that's what they get together more for than anything…](https://sms4smile.com/quotes/jack-nicklaus/my-kids-all-do-love-to-hunt-and-fish-when-they-get-together-i-think/) [Jack Nicklaus](https://sms4smile.com/quotes/author/jack-nicklaus/) ## More by Henry Paulson > [If a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets,…](https://sms4smile.com/quotes/henry-paulson/if-a-financial-institution-has-business-operations-in-the-united/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.](https://sms4smile.com/quotes/henry-paulson/it-is-the-policy-of-the-federal-government-to-use-all-resources-at/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can…](https://sms4smile.com/quotes/henry-paulson/a-state-based-regulatory-system-is-quite-burdensome-it-allows-price/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [Well, as you know, we're working through a difficult period in our financial markets right now as we work off some of the past…](https://sms4smile.com/quotes/henry-paulson/well-as-you-know-we-re-working-through-a-difficult-period-in-our/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [I look forward to the day when China has a truly market-determined solution... To get there, you need to have a currency that is…](https://sms4smile.com/quotes/henry-paulson/i-look-forward-to-the-day-when-china-has-a-truly-market-determined/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [Indian-Americans are physicians, engineers, CEOs, professors, teachers, entrepreneurs. They are a vital part of the United States' economic and social fabric. Because of this…](https://sms4smile.com/quotes/henry-paulson/indian-americans-are-physicians-engineers-ceos-professors-teachers/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [When it comes to the presidency, I will not vote for Donald Trump.](https://sms4smile.com/quotes/henry-paulson/when-it-comes-to-the-presidency-i-will-not-vote-for-donald-trump/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [America is the land of opportunity. We need to be vigilant in ensuring that each and every American has the opportunity to acquire the…](https://sms4smile.com/quotes/henry-paulson/america-is-the-land-of-opportunity-we-need-to-be-vigilant-in-ensuring/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental…](https://sms4smile.com/quotes/henry-paulson/an-open-competitive-and-liberalized-financial-market-can-effectively/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [I do not believe the United States and the Americans are going to let Donald Trump become president... I think the challenge is Donald…](https://sms4smile.com/quotes/henry-paulson/i-do-not-believe-the-united-states-and-the-americans-are-going-to-let/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [Too often, we restrict trade that would create U.S. jobs and is in our national interest.](https://sms4smile.com/quotes/henry-paulson/too-often-we-restrict-trade-that-would-create-u-s-jobs-and-is-in-our/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.](https://sms4smile.com/quotes/henry-paulson/our-overriding-goal-in-restructuring-our-financial-architecture/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [I think history shows that countries have to have some kind of a threshold level of economic success before they begin to have the…](https://sms4smile.com/quotes/henry-paulson/i-think-history-shows-that-countries-have-to-have-some-kind-of-a/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [We don't have the necessary laws or powers to deal with failing non-bank institutions. If they're a big bank, the depositor has deposit insurance,…](https://sms4smile.com/quotes/henry-paulson/we-don-t-have-the-necessary-laws-or-powers-to-deal-with-failing-non/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is…](https://sms4smile.com/quotes/henry-paulson/u-s-exports-to-china-have-more-than-quintupled-since-china-entered/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) [Explore all 174 Henry Paulson quotes ](https://sms4smile.com/quotes/author/henry-paulson/) ## More Because quotes > [One is a painter because one wants so-called freedom; one doesn't want to go to the office every morning.](https://sms4smile.com/quotes/marcel-duchamp/one-is-a-painter-because-one-wants-so-called-freedom-one-doesn-t-want/) [Marcel Duchamp](https://sms4smile.com/quotes/author/marcel-duchamp/) > [I gave my archive to Emory University because there's a really dear friend who teaches there, Rudolph Byrd, and he's the editor.](https://sms4smile.com/quotes/alice-walker/i-gave-my-archive-to-emory-university-because-there-s-a-really-dear/) [Alice Walker](https://sms4smile.com/quotes/author/alice-walker/) > [Because of the womb being a central phenomenon in the feminine body, the whole psychology of woman differs: she is non-aggressive, non-inquiring, non-questioning, non-doubting,…](https://sms4smile.com/quotes/rajneesh/because-of-the-womb-being-a-central-phenomenon-in-the-feminine-body/) [Rajneesh](https://sms4smile.com/quotes/author/rajneesh/) > [I love casting against type and doing things you wouldn't expect, because I think you get more interesting performances that way. Hollywood loves to…](https://sms4smile.com/quotes/david-s-goyer/i-love-casting-against-type-and-doing-things-you-wouldn-t-expect/) [David S. Goyer](https://sms4smile.com/quotes/author/david-s-goyer/) > [There were songs that we cut out after we chose the name, because 'Praise Break' turned out to be an underlying concept that I…](https://sms4smile.com/quotes/daniel-caesar/there-were-songs-that-we-cut-out-after-we-chose-the-name-because/) [Daniel Caesar](https://sms4smile.com/quotes/author/daniel-caesar/) > [It took me 20 years to buy an electric typewriter, because I was afraid it would be too sensitive. I like to bang the…](https://sms4smile.com/quotes/elmore-leonard/it-took-me-20-years-to-buy-an-electric-typewriter-because-i-was/) [Elmore Leonard](https://sms4smile.com/quotes/author/elmore-leonard/) > [I was also known as Frodo because I was an early adopter of 'The Lord of the Rings.](https://sms4smile.com/quotes/tom-perrotta/i-was-also-known-as-frodo-because-i-was-an-early-adopter-of-the-lord/) [Tom Perrotta](https://sms4smile.com/quotes/author/tom-perrotta/) > [I believe in taxation and health care that is outside the usual libertarian mandate, because I don't want people to have to suffer. It's…](https://sms4smile.com/quotes/neil-peart/i-believe-in-taxation-and-health-care-that-is-outside-the-usual/) [Neil Peart](https://sms4smile.com/quotes/author/neil-peart/) > [It's like saying French shouldn't be taught because you don't understand it because it's new. Shakespeare is just like learning a new, exciting language.](https://sms4smile.com/quotes/samuel-barnett/it-s-like-saying-french-shouldn-t-be-taught-because-you-don-t/) [Samuel Barnett](https://sms4smile.com/quotes/author/samuel-barnett/) > [Whether it was Little League or playing with your brothers or sisters, that was always a problem. If I would lose - because I…](https://sms4smile.com/quotes/cal-ripken-jr/whether-it-was-little-league-or-playing-with-your-brothers-or-sisters/) [Cal Ripken, Jr](https://sms4smile.com/quotes/author/cal-ripken-jr/) > [Sometimes, when full and in fear that I will continue to eat unwanted food just because it's staring at me, I will place my…](https://sms4smile.com/quotes/rachel-nichols/sometimes-when-full-and-in-fear-that-i-will-continue-to-eat-unwanted/) [Rachel Nichols](https://sms4smile.com/quotes/author/rachel-nichols/) > [I didn't want to do 'Fashion Police' because I thought, 'This is stupid, this is beneath me, who wants to talk about fashion?' It…](https://sms4smile.com/quotes/joan-rivers/i-didn-t-want-to-do-fashion-police-because-i-thought-this-is-stupid/) [Joan Rivers](https://sms4smile.com/quotes/author/joan-rivers/) > [I was contacted by Rajyavardhan Singh Rathore, MP, through the Pune Film Institute and offered the post in the NFDC. I accepted it for…](https://sms4smile.com/quotes/suresh-gopi/i-was-contacted-by-rajyavardhan-singh-rathore-mp-through-the-pune/) [Suresh Gopi](https://sms4smile.com/quotes/author/suresh-gopi/) > [I have always been a big meta guy because I think the way journalism is practiced in Washington, and the way everyone sort of…](https://sms4smile.com/quotes/mark-leibovich/i-have-always-been-a-big-meta-guy-because-i-think-the-way-journalism/) [Mark Leibovich](https://sms4smile.com/quotes/author/mark-leibovich/) > [There are a lot of kids out there copying and distributing movies - not because they care about seeing the movies or sharing them…](https://sms4smile.com/quotes/john-perry-barlow/there-are-a-lot-of-kids-out-there-copying-and-distributing-movies-not/) [John Perry Barlow](https://sms4smile.com/quotes/author/john-perry-barlow/) Browse all 15,485 Because quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community.", "creator": { "@type": "Person", "name": "Henry Paulson" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/henry-paulson/in-the-past-if-a-homeowner-with-a-mortgage-had-a-problem-making-the/", "about": { "@type": "Thing", "name": "Because" }, "@id": "https://sms4smile.com/quotes/henry-paulson/in-the-past-if-a-homeowner-with-a-mortgage-had-a-problem-making-the/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/293/henry-paulson-2282_because_in-the-past-if-a-homeowner-with-a-mortga_329742.jpg", "contentUrl": "https://sms4smile.com/quotes/i/293/henry-paulson-2282_because_in-the-past-if-a-homeowner-with-a-mortga_329742.jpg", "url": "https://sms4smile.com/quotes/i/293/henry-paulson-2282_because_in-the-past-if-a-homeowner-with-a-mortga_329742.jpg", "width": 1080, "height": 1080, "caption": "“In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a…” — Henry Paulson", "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": "Henry Paulson", "item": "https://sms4smile.com/quotes/author/henry-paulson/" }, { "@type": "ListItem", "position": 4, "name": "In the past, if a homeowner...", "item": "https://sms4smile.com/quotes/henry-paulson/in-the-past-if-a-homeowner-with-a-mortgage-had-a-problem-making-the/" } ], "@id": "https://sms4smile.com/quotes/henry-paulson/in-the-past-if-a-homeowner-with-a-mortgage-had-a-problem-making-the/#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 } } ] } ```