Credit Quote by Michael Burry

In June 2005, mortgage rates were at 40-year lows, and risk premiums on mortgage securities were at all-time lows. Once the banks migrated to…

— Michael Burry

What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down…

— Henry Paulson

Incredibly, at this critical juncture in financial history, after which so much changed so quickly, the only constraint in the subprime mortgage market was…

— Michael Lewis

Yeah, I bought a house with a subprime mortgage in 2007. It was a two-year fixed rate and, like everybody else in America, I…

— Tim Dillon

“The sudden introduction of these magic mortgage bonds into the marketplace pushed most every major institutional investor in the world to suddenly become consumed…

— Matt Taibbi

Everybody would be better off if they could buy housing for only, let's say, a carrying charge of one-quarter of their income. That used…

— Michael Hudson

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

“Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.”

— Douglas Rushkoff

“The Fed’s fingerprints were all over this boom, and not just because of Greenspan’s low interest rates. In 1993, in response to initiatives by…

— Danielle DiMartino Booth

Subprime mortgages, typically defined as those issued to borrowers with low credit scores, make up roughly the riskiest one-third of all mortgages.

— Michael Burry

Banks and other providers of credit to households have been competing vigorously to expand or protect their market share. In the process, lending standards…

— Ian Macfarlane

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…

— Mark Zandi