Robert Menendez Jr. actually said...
So it seems to me that if we were looking at how do we deal with mitigation if we were looking at a more aggressive borrower outreach and response, which we have written letters to you about and which Freddie Mac has not been responsive to, that maybe we would be avoiding on behalf of the taxpayers a loss of $65,000 per foreclosed property.
Context
Menendez emphasizes the need for better borrower outreach to reduce taxpayer losses.
11/14/2011