Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Clinton calling for foreclosure ban: Report

The Democratic presidential candidate will ask for a 90-day ban on foreclosures, plus a five-year freeze on adjustable mortgage rates.

Subscribe to Economy
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

NEW YORK (CNNMoney.com) -- Presidential candidate Hillary Clinton is expected to call for a 90-day ban on foreclosures and a five-year freeze on adjustable mortgage rates Monday, according to The Wall Street Journal.

Other Democratic candidates have proposed remedies for the home mortgage crisis. Former Senator John Edwards of North Carolina called last October for looser bankruptcy laws to shield home owners from creditors.

In August, Clinton asked legislators to ban prepayment penalties on mortgages. However, her new plan goes much further, and bears similarities to plans offered by Treasury Secretary Henry Paulson.

Paulson is expected to address the housing crisis issue in a speech Monday, but Treasury officials say he won't be announcing any interest rate freezes.

For Clinton, the housing issue will likely resonate in some of the largest "swing" states like Florida, Ohio, and Michigan, which have been hit particularly hard by the mortgage crisis. To top of page

Photo Galleries
11 tasty treats to bring back from a business trip Nothing is as crowd-pleasing or pragmatic as edible souvenirs. We've found foodie gifts that are both delicious and distinguished in 11 popular business destinations. More
15 women who founded $1 billion startups Meet 15 women behind some of the world's hottest startups. More
Here are 27 ads Russian trolls bought on Facebook and Instagram The House Intelligence Committee on Wednesday released some of the ads a Russian troll farm purchased on Facebook and Instagram during and after the U.S. presidential election. More