Political Quotes

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…”

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

Editor's note · Context

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

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