May 7, 2012
Really significant. So if I have been patching the roof that is leaking in my home, I now will have the wherewithal to replace it, which is, of course, of value to preserve the property value, but also has a tremendous economic ripple…
Bob Menendez Jr.
The Public Record
Robert Menendez Jr. is an American politician serving as the U.S. representative for New Jersey's 8th congressional district since January 3, 2023. A member of the Democratic Party, he succeeded his father, Robert Menendez Sr., who has had a long career in politics. Menendez Jr. focuses on issues such as healthcare, education, and economic development, reflecting the needs of his constituents in New Jersey. He has been vocal about political integrity and has made statements regarding the need for reform within the political system.
congress.gov
May 7, 2012
As a matter of fact, Professor Mayer at our Subcommittee hearing that I chaired a few weeks ago estimated that it would result in GSE profits of as much as $23.7 billion.
May 7, 2012
Our bill would help $17.5 million borrowers who have Fannie Mae and Freddie Mac loans but who are trapped paying interest rates above 5 percent because of barriers to refinancing.
May 7, 2012
You mention in your testimony that lenders in the HARP program report that borrowers are saving as much as $2,500 per year, which, as you point out, is the equivalent of a big tax cut for those borrowers.
May 7, 2012
Allowing a homeowner to refinance from a loan that is 6-percent interest to a loan that is 4-percent interest, for example, would save them hundreds of dollars a month, putting more money in their pockets, reducing defaults and…
Apr 25, 2012
On top of the preexisting challenge of housing affordability across the Nation, especially in high cost States like New Jersey, we now have both foreclosures and a housing market that is just beginning to recover.
Apr 25, 2012
It includes fully funding Project Based Section 8 contracts in an area where I think short-funding them would be a mistake that would push costs into future years.
Apr 25, 2012
I am very concerned about the affordability in housing, particularly in States like New Jersey, that have long had high housing costs.
Apr 25, 2012
It also includes Sustainable Communities grants, a letter I led with Senator Landrieu that got a quarter of all Senators on it, which urges funding for locally and regionally driven planning, which is key to economic development, smart…
Apr 25, 2012
Given all of the challenges and the affordability of housing right now, is this not exactly the wrong time to enact the severe cuts to HUD's budget that the House, I see, is proposing?
Apr 24, 2012
The activities I described appear to directly violate these congressional mandates.
Apr 24, 2012
The HARP reforms implemented last fall removed significant frictions in the program, and early reports indicate increasing numbers of underwater borrowers are now benefiting from the program.
Politicians like Bob Menendez Jr.
