Political Quotes

Bob Menendez Jr.: Not only do the Hardest Hit Funds allow us to write down mortgages to the current market value of the underlying…

On the recordDecember 8, 2014
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.
Said by
Bob Menendez Jr.
Democratic · New Jersey

Editor's note · Context

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

Share

More from Bob Menendez Jr.

May 21, 2024

Thank you to all the witnesses. I first want to start and build off some of the questions that my colleagues have asked about training our cybersecurity work force.

congress.gov
Jun 26, 2024

This week, I, along with Representative Mikie Sherrill, led the New Jersey delegation in sending you a letter, here, highlighting our concerns with persistent delays in Amtrak's failure to adequately address these issues.

congress.gov
Jun 26, 2024

While we appreciate everything the Department is doing to facilitate the historic Infrastructure Investment and Jobs Act and improve transportation across the country, our constituents are dealing with serious issues during their…

congress.gov
May 9, 2025

As Members of Congress, we have a legal right to conduct oversight at any DHS facility without prior notice.

nbcnews.com

Other voices in this conversation