Rob Menendez actually said...

"Senator Menendez has proposed a bill that would establish a pilot program at Fannie Mae, Freddie Mac and FHA to offer shared appreciation mortgage modifications to underwater or delinquent homeowners."

"we support the Senator's advocacy for experimenting with different approaches to disposing of foreclosed properties."

"I have proposed my own comprehensive action plan that will address all aspects of the housing market."

"Fraud and homeowner abuse through service errors is also a problem we must address."