Robert Menendez actually said...

"As I have said many times, we need to fix the housing market now to get the broader economy moving again and creating jobs."

"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."

"But am I correct in saying that even that figure does not include the additional savings borrowers could get if we enacted the Menendez-Boxer draft bill and increased competition in the HARP refinance..."

"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 beginnin..."