Hillary Clinton called for a foreclosure moratorium in 2007

Reuters: WASHINGTON | Mon Dec 3, 2007 6:51pm EST

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

The New York senator outlined the proposal in a letter to U.S. Treasury Secretary Henry Paulson, who is trying to broker a deal with mortgage lenders that would help troubled borrowers.

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