House resolution advocates temporary foreclosure moratorium

07/11/2011 5:46 PM | Anonymous

Rep. Marcy Kaptur (D-Ohio) introduced a House resolution that would establish a temporary national foreclosure moratorium.

Kaptur submitted H.R. 344 to the House Financial Services Committee on July 8, which called on President Obama to declare "a national residential mortgage foreclosure emergency" and encouraged individual states to enact the moratorium.