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BUSINESS

Americans Are Now Less Supportive of a Foreclosure Moratorium

The attorney generals of all 50 states have jointly launched an investigation into the lending practices of several big banks and mortgage companies that led to hundreds of thousands of ongoing home foreclosures. While Bank of America has already placed a freeze on foreclosures during the investigation, a sizable number of Americans favor stopping all foreclosures for the next six months.

The latest Rasmussen Reports national telephone survey shows that 45% of Likely Voters favor a plan that forces banks to stop all mortgage foreclosures for the next six months. However, 38% oppose a six-month moratorium on foreclosures. Another 18% are not sure. (To see survey question wording, click here).

These marks a lessening of support for a moratorium from February 2009, when 56% favored one and just 30% were opposed.

(Want a free daily e-mail update? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.

The survey of 1,000 Adults was conducted on October 13-14, 2010 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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