Rep. Phil Hare (D-Ill) is Calling for a 90-Day Freeze on Foreclosures

January 23, 2008 (LPAC)--An Illinois Democrat became the second in Illinois and the fourth in Congress to call for a home foreclosure moratorium, after Sen. Hillary Clinton, Rep. Chakah Fattah (D-PA), and Rep. Danny Davis (D-Ill.).

"Our nation is in the midst of one of the most unique, devastating and tragic economic crises it has faced in sometime," writes Rep. Phil Hare (D-Ill, 17th) in a letter to The Register-Mail of Galesburg. "In the next few months, I will work to establish a temporary moratorium on foreclosures, help responsible consumers lock in a fixed-interest rate, and bring needed regulation and enhanced consumer protection against predatory lenders."

Hare is a freshman in Congress and represents a vast agricultural district in Illinois.