Biden extending mortgage relief, moratorium on foreclosures through June

The White House on Monday announced a program to extend mortgage relief and a moratorium on home foreclosures through June as thousands of Americans continue to struggle to keep up with payments during the coronavirus pandemic.

"The COVID-19 pandemic has triggered a housing affordability crisis," the White House said in a statement. "Now, homeowners will receive urgently needed relief as we face this unprecedented national emergency. Today’s action builds on steps the President took on Day One to extend foreclosure moratoriums for federally guaranteed mortgages."

The joint effort...