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
5 great day trips from Sydney Standout escapes just a short journey from Australia's largest city. More
New cameras go weird, wearable - even old school Meet the new crop of digital cameras, an eclectic group each with a very particular set of skills. More
Exploring 10 great cities for business in Asia From Shanghai to Tokyo, Mumbai to Hong Kong, here's how to make the most of the days between the deadlines. More
Sponsors