Robert Menendez actually said...

"NAHB would specifically like to thank the efforts of Subcommittee Chairman Menendez for his leadership in extending the loan limits past the current expiration date."

"I also think that when you say 20 percent, it seems to me that the broader criteria of determining the lending criteria is important."

"Well, I guess that the conservatorship would have to look at what it is going to get at the end of the day if people default, what is the real value there."

"What about getting the GSEs to just let people who are presently in place lower rates to refinance at lower rates today?"