Robert Menendez actually said...

Let us be clear that anybody who defaults on a GSE or FHA loan is costing the taxpayer and should be treated as such.

This hearing will come to order. Thank you all for being here today.

You think that if they had included those incentives, the analysis would change the outcome?

You also stated in your testimony that FHFA should use principal reduction data in its analysis, not just the NPV analysis which has problem...