Foreclosure fallout grows – South Florida Business Journal
A political debate is growing as more lenders call a halt to foreclosures, some politicians advocate a general freeze and worries about the economic ripples grow.
On Monday, the Washington Post reported that the Obama administration doesn’t want a national freeze after House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid called for more aggressive action.
On “Fox News Sunday,” U.S. Rep. Debbie Wasserman Schultz, D-Pembroke Pines, was asked whether Democrats would support a moratorium on all home foreclosures and responded: “I do … I think we need a combination of a freeze, potentially, and also we need to sit down … with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out,” according to a Fox News blog.
Foreclosure fallout grows – South Florida Business Journal.
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