Political Quotes

Bob Menendez Jr.: “You testified that servicers have incentives that keep them from forgiving principal, even when doing so might be better…”

On the recordJuly 15, 2009
You testified that servicers have incentives that keep them from forgiving principal, even when doing so might be better for the investor as well as the homeowner. How do you explain that?
Said by
Bob Menendez Jr.
Democratic · New Jersey

Editor's note · Context

Menendez questions the incentives preventing servicers from forgiving principal on loans.

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