02/06/2012
https://www.congress.gov...
"Well, that is not acceptable. It is unacceptable at any given time. It is certainly unacceptable in these times."
"In addition, the additional incentives for second lien subordination in the Menendez-Boxer draft would speed refinancings."
"I believe that we can come together to solve some of these different issues"
"the Menendez-Boxer Discussion Draft language concerning resubordination of second liens would also contribute to streamlining the refinance process for these borrowers."