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

“So now as always you could get AAA ratings, not for subprime mortgages, obviously bad, but for submarine mortgages, clearly much better! And the…

— Kim Stanley Robinson

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

I had begun to worry about the housing market back in 2003, when lenders first resurrected interest-only mortgages, loosening their credit standards to generate…

— Michael Burry

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

In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into different-rated slices rated by agencies like S&P…

— Michael Burry

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

I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.

— Henry Paulson

Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on…

— Wilbur Ross

Get-educated-quick schemes are usually about as sound as subprime mortgage-backed securities: Enticing but basically fraudulent.

— Tucker Carlson

Groups that work in black neighborhoods around the country have contended that much of subprime lending is 'predatory lending.'

— Bill Dedman

Investigating some of the largest subprime lenders - Wells Fargo, Countrywide, Ameriquest, Household Finance - I've seen how their terrible, toxic loans were closed…

— Lisa Madigan