Political Quotes

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.

Share

More from Bob Menendez Jr.

Jun 26, 2024

While we appreciate everything the Department is doing to facilitate the historic Infrastructure Investment and Jobs Act and improve transportation across the country, our constituents are dealing with serious issues during their…

congress.gov
Jul 9, 2024

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

congress.gov
Jul 9, 2024

In New Jersey's Eighth Congressional District, flyers traveling to and from the New York-New Jersey area are experiencing the impacts of the national air traffic controller shortage.

congress.gov
Apr 16, 2024

I applaud NJ Transit for ensuring that our constituents remain connected to essential resources and preventing gaps in service.

congress.gov

Other voices in this conversation