Bob Menendez Jr.

I would hope that they, from this point forward, will be encouraged, please, Senator, to do so.

Homeowners should have the benefit of a single point of contact for loan modifications to ensure continuity and certainty in finding their way through what is inevitably, no matter how many safeguards we implement, an emotionally difficult…

Thank you for your tireless efforts to advance a comprehensive housing plan designed to keep people in their homes, to fill vacant homes, and to save our neighborhoods.

I have introduced the American Homeownership Preservation Act of 2012

cutting housing counseling funding is a huge mistake when we have record numbers of foreclosures

Thank you for this opportunity to speak with you today about New Jersey Community Capital (NJCC) and the role we play in saving New Jersey's neighborhoods from foreclosures.

Without a Fannie or Freddie, I would have never, at the end of the day, bought my first home.

I just want to make sure that, after having fought at a Federal level for the equivalent of what we call here the New Jersey Homekeeper Program.

It has long been our top priority in the Housing Subcommittee that I am privileged to chair to restore the housing market to full health so that we can get the broader economy moving more quickly.

I have introduced a bill that basically promotes shared appreciation mortgages at the FHFA and FHA as a creative solution to the housing crisis.

Foreclosure is the worst possible outcome in almost all instances. It is the most costly.

The FHFA has shown a dismal lack of initiative in the housing crisis and needs to be far more aggressive in taking steps that could both help homeowners and taxpayers.

if we're going to be providing billions of dollars, then what is the commitment, the concurrent commitment, here?

So it seems to me that if the Japanese, with everything that they faced with the tsunami, the knocking out of their nuclear power, could in this time period do what they did that that would be, in my mind, the low mark for other nations…

For my friends at the State Department, the charts that are displayed here show the demographics of America after the 2010 census.

I will be pretty outraged if we have to chair another hearing in November to examine how Chavez stole the election in Venezuela.

This hearing of the Western Hemisphere, Peace Corps, and Global Narcotics Affairs Subcommittee will come to order.

I see too many murders take place on the streets of the cities that I have the privilege of representing, and a fair number of that is related to drug trafficking.

Actually, is it not true that the Dominican country was not a consuming country? It has been a transshipment point.

Let me ask you, housing counselors have been at this a long time, and unlike some of you who in this particular case, not in terms of your companies and its expertise, but in this particular exercise are fairly new to it and could use that…

What I do not understand is if you do not release some sense of full guidelines, then how are borrowers supposed to know if what happened to them will qualify for relief or not?

We must begin to fix those unscrupulous lending practices that took place and wrongful foreclosures with the public interest as our core principle.

So the core of the individual making this judgment is someone who has some background in the mortgage business and has got 2 weeks of training?

Accountability will give the public confidence that our bank regulators, the OCC, and the Federal Reserve are fairly and effectively working to protect borrowers' rights.

This topic is extremely important to our Nation's homeowners, especially those who have been harmed by illegal foreclosure practices.