Borrowers Quotes

You can call the lender and the borrower co-victims. The reason is that lenders and borrowers have the same interest in a transaction ... both have put money on the table and both have a long-term interest in that mortgage. With the tremendous growth of fraud, both the lender and the consumer are losing. - Tim Doyle

With interest rates on federal student loans set to rise on July 1 for the second-straight year, the clock is ticking for borrowers to lock in today's interest rates -- the fourth-lowest in the history of the student loan program. - Patricia Scherschel

While these new products provide consumers with a wide range of choices to meet their cash flow needs and risk tolerances, borrowers need to be vigilant to ensure that they prudently measure and manage the additional risk of these new products. - Doug Duncan

We're concerned for borrowers because they may not fully understand what may happen. In three or five years, we may be in a different credit cycle and they may not be able to refinance as easily as they expected. - Beth Haiken

We think borrowers sitting down with their financial advisers or loan officers can make the decisions that are right for them. - Mike Fratantoni

We should bear in mind that not all borrowers can or want to take a 30 year long loan. The age of retirement means that such loans are only suitable to those under 30. Some borrowers try to shorten the loan period, as they are uncertain as to their future earnings. - Alla Trubnikova

We felt we could insure the loan at 100 percent or more, provided the borrowers had good credit. We felt like this would be a good product to offer to the market because you see a lot of people out there who are just getting started or are up-and-coming professionals who have the money to make the monthly payments but just don't have the down payment. - Terry Howard