Stop the Foreclosures!
Some lawmakers are suggesting a nationwide moratorium is needed on foreclosures amid mounting evidence that inaccurate documents have been used at times to evict owners.
Rep. Debbie Wasserman Schultz voiced her support for the idea on “Fox News Sunday”.
But the No. 2 House Republican, Eric Cantor of Virginia, says a national moratorium would remove the protections that lenders need.
Meanwhile, senior White House adviser David Axelrod tells CBS “Face the Nation” that might go too far.
Last week the Bank of America became the first bank to halt foreclosures in all 50 states.