Robert Menendez actually said...

"Protecting the homeowner for whom the program was designed will strengthen the economic value of the program and stop the depletion of resources from the fund."

"Some are concerned with vesting too much authority with FHA by granting them the ability to make program changes via Mortgagee Letter in lieu of regulations. I do not share this concern."

"Let me ask, most of reverse mortgage loans are HECM loans, and the insurance provided by FHA on these loans protects lenders from losses."

"So that means that every borrower---- has to first have counseling before they could ever----"