Bob Menendez Jr.: “So it seems to me that if we were looking at how do we deal with…”

On the recordNovember 14, 2011

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.

Said by

Bob Menendez Jr.

Democratic · New Jersey

Source

congress.gov

Editor's note · Context

Menendez emphasizes the need for better borrower outreach to reduce taxpayer losses.

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Bob Menendez Jr.: “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…”

Editor's note · Context