Political Quotes

Bob Menendez Jr.: “A downpayment standard of 20 percent could push 60 percent of all creditworthy borrowers out of the market.”

On the recordFebruary 9, 2012
A downpayment standard of 20 percent could push 60 percent of all creditworthy borrowers out of the market.
Said by
Bob Menendez Jr.
Democratic · New Jersey

Editor's note · Context

Menendez warns that high downpayment requirements could exclude many responsible borrowers.

Share

More from Bob Menendez Jr.

May 8, 2025

Throughout every step of this visit, ICE attempted to intimidate everyone involved and impede our ability to conduct oversight.

cnn.com
Jul 9, 2024

Airlines and labor unions continually raise the issue of an aviation maintenance technician, or AMT, shortage.

congress.gov
Jul 22, 2024

Thank you to our witnesses today for their testimonies, which provide an honest and sobering insight into the state of rail safety today in America.

congress.gov
May 11, 2025

As Members of Congress, we have a legal right to conduct oversight at any DHS facility without prior notice, as we have already done twice this year.

democracynow.org

Other voices in this conversation