Robert Menendez Jr. actually said...
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.
Context
Menendez highlights concerns about borrowers lacking access to fixed-rate mortgages.
10/19/2011