Changed Quote by Michael Lewis

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

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

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

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

I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and…

— Ben Bernanke

“Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they were underwriting!”

— Douglas Rushkoff

“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

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

Fannie and Freddie made two-thirds of all subprime mortgages. That is not a free market institution. That entity, along with the Fed printing too…

— Dave Brat

The universe of mortgage lending has gotten to the point where there is a place in it for everybody.

— Joe Mays