Can Forgot Password Send Existing Password to User?

Currently when a user enters their email into the forgot password module from CB Login Module it send them a new autogenerated random password. Is it possible for the system to just send them their existing password via approved user email?

Also I am curious if there is a way to send the user to a confirmation page after they have submitted their email. Something which says the email with the password reset has been sent and include a link to the login page. Is this possible?

Also, where do I go to edit the forgot password email?

The password reset email currently says this:
The user account has this email associated with it.
A web user from mysite.com has just requested that a new password be sent.

Your New Password is: newValueHere

If you didn't ask for this, don't worry. You are seeing this message, not them. If this was an error just log in with your new password and then change your password to what you would like it to be.

NOTE: This email was automatically generated from My Site Name ( mysite.com ).

I don't see an answer to this question on the source for editing the "New Password for..." email message.

If anyone knows, please respond.

Thank you,

Ernie