Quote

I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

— Christina Romer

Sentiment: NEGATIVE

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✓Similar Perspectives

Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses.

— David Ignatius

Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.

— Janet Yellen

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

— Joe Mays

The number one priority is going to be make sure that banks lend.

— Steve Mnuchin

I've got a huge, huge position in mortgage-backed securities. I started accumulating them in 2009, when the market was really down and things were really scary.

— Jeff Greene

While I encourage people to save 100% down for a home, a mortgage is the one debt that I don't frown upon.

— Dave Ramsey

Opt for a fixed-rate rather than an adjustable-rate mortgage.

— Suze Orman

Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms.

— Nassim Nicholas Taleb

✗Opposing Perspectives

Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical.

— Bill Ackman

And I think we need a combination of a freeze, potentially, and also we need to sit down with the - with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out, because it's absolutely imperative that we keep people in their homes.

— Debbie Wasserman Schultz