Hare calls for moratorium on foreclosures
In response to the housing crisis, Congressman Phil Hare has called for a moratorium on home foreclosures.
NEW YORK ― Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers in states including Michigan remain in their homes - making Citi the latest big bank to announce sweeping efforts to try to curtail losses from souring mortgages.