Debbie Wasserman Schultz Quotes

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.

I think the millions of people who had been able to renegotiate their mortgages so they are paying lower interest rates are better off.

We have seen the big loan servicers drag their feet in the Obama administration's well-intentioned mortgage modification program.

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.

I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.

I ran a 'loan modification machine.'

We have to be pretty tough with mortgage companies and say you have got to give people the chance to work out their debts, sort out future mortgages.

Mitt Romney and I don't agree on every issue and certainly housing is one of them. When you look at what is going on here in Southern Nevada, you can't say you got to let the housing market hit bottom. We have been bouncing along the bottom for years. And the fact is we have to do everything possible to: 1) keep people in their homes and 2) get people who are out of their homes back into their homes.

In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community.

For many, the loan modification process has been a giant sham.

If you're one of the millions of people who have student debt right now, I'll help you refinance your loans at better rates.

Sometimes there are customers who get in difficulty because of situations that are out of their control. These are customers with genuine needs, and the role of the bank is to accommodate these customers, and there is a real need to reschedule the loans of these customers.

Every day there are homeowners in California who will either receive relief so they can stay in their home, or will be in the foreclosure process and potentially lose their home. And that always weighed heavily on my mind.

Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.

It's time to pull the bandage off America's foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed.

Housing programs designed to help young families and senior citizens purchase homes should be available to people of all races, including African Americans.

In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break.

I'm short-selling my house. I have more loans than I can sell the house for. The house will not go into foreclosure. It will be a short sale. I can't afford the house as I once could.

The Federal Reserve needs to provide small businesses in America with the same low-interest loans it gave to foreign banks.

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

The Federal Government is achieving its stated goal of helping more minorities go from being renters to being owners.

Homeowners refinance their loans when interest rates go down. Businesses refinance their loans.

Kill the Rent Hog and the Interest Hog.

Every American will be given a decent, safe and affordable home.

People who receive mortgage tax relief … do not consider themselves to be benefits of government largess and can thus blithely talk about the government as something irrelevant to their lives except as a tax burden.