Robert Menendez actually said...

"Would it not be better to refinance, have a responsible borrower, keep, maybe even join, have the conservator join in shared appreciation mortgages maybe so that the Federal output is further preserve..."

"I once again would like to acknowledge Senator Menendez' leadership in helping residents of our at-risk communities all across our State."

"And so it seems to me, is that leading--do you believe that that has influenced Freddie's policies that discourage refinancing for homeowners."

"I think there is a fundamental difference that when the marketplace on the private sector is looking at 20 percent of its portfolios and saying it makes sense for us in the marketplace to do so."