Rumors are spreading that on Monday, Hillary Clinton, former U.S. Vice President and current Democratic presidential candidate will call for a 5 year halt on the rates of adjustable mortgages, and a 90 day stop on home foreclosures. She is said to be doing this through a letter to the Secretary of the U.S. Treasury, Henry Paulson.

Comments have also been made stating that the U.S. Treasury Department will be meeting with the heads of the mortgage industry. Supposedly, rate regulators and several mortgage firms, such as Wells Fargo & Co, Citigroup Inc, Washington Mutual Inc and Countrywide Financial Corp will be having a conference as well.

Clinton has reported to newspapers that she is ¨very pleased the administration is responding to this crisis,¨  

Over the next two years, over 2 million mortgages are expected to have rate adjustments, which could definitely cause a jump in foreclosures if no preventative action is taken. Her move may most likely be a sign that the political forefront is switching from an emphasis on domestic and foreign affairs to more economic issues, such as health insurance, high gas/price prices, low home values, and stock market fears.