Search
 

Politics of Foreclosure Comes to the Presidential Campaign

Democratic presidential hopeful Hillary Clinton recently proposed a 90-day moratorium on home foreclosures to give financially troubled borrowers time to work with lenders and avoid losing their homes.

By Staff Writer | Updated on December 11, 2007

WASHINGTON — Democratic presidential hopeful Hillary Clinton recently proposed a 90-day moratorium on home foreclosures to give financially troubled borrowers time to work with lenders and avoid losing their homes.

In a letter to U.S. Treasury Secretary Henry Paulson, who is trying to broker a separate White House/Treasury deal with mortgage lenders, the junior Senator from New York wrote, “It is critical that we address this crisis. The administration and the mortgage industry must reach agreement that matches the scale of the problem. If you produce an inadequate agreement, or fail outright, the cost to our economy will be incalculable.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.