Robert Menendez Jr. actually said...

Not only do the Hardest Hit Funds allow us to write down mortgages to the current market value of the underlying property, but they are integral to amassing and leverage the large amounts of private capital needed to purchase these pools of delinquent notes.

Context

Menendez highlights the importance of Hardest Hit Funds in mortgage modifications.

12/08/2014

https://www.congress.gov...

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