Is that, in part, why you talked about aligning servicer standards with--servicers' incentives with seeking remediation and----
Robert Menendez
The Public Record
Robert Menendez is a prominent Democratic politician currently serving as a member of the United States Senate, representing New Jersey. He was first elected to the Senate in 2006 and has since been re-elected multiple times. Menendez has played a significant role in various policy areas, including foreign relations, immigration reform, and healthcare. He has served on several Senate committees, including the Senate Foreign Relations Committee, where he has been an advocate for human rights and democracy abroad.
I have a billion-dollar set-aside for full faith and credit of the United States for CDFIs.
So if we marketed it and had a lot more influx, how would we meet the challenge of----
I agree that it is the role of the conservator to try to preserve as much of the Federal money that exists.
It boggles the imagination why you would make an investment decision that you can affect the outcome of and not want that decision to pay off.
One of the suggestions you have that is of interest to me, that the counselor have direct access to the lender.
New Jersey is the only State in the country that has a State law that puts the clear obligation on the lender that has initiated foreclosure to maintain the property during the foreclosure process.
I believe we also need to have a discussion about what other opportunities there exist
it is appalling from a policy standpoint that the Federal Government would take the position that they have no obligation to maintain the properties which they are legally responsible for.





