Political Quotes

Bob Menendez Jr.: I am concerned that there is a universe of borrowers who, in fact, can be responsible borrowers, but at the end of the…

On the recordOctober 19, 2011
I am concerned that there is a universe of borrowers who, in fact, can be responsible borrowers, but at the end of the day, without the guarantee of a 30-year fixed mortgage ends up eliminating the opportunity for them to be a responsible borrower and basically gets them out of the market.
Said by
Bob Menendez Jr.
Democratic · New Jersey

Editor's note · Context

Menendez highlights concerns about borrowers lacking access to fixed-rate mortgages.

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