Biden extends mortgage relief, moratorium on foreclosures

• The departments of Housing and Urban Development, Veterans Affairs, and Agriculture will carry out the executive action, per the White House.
• The new relief will provide up to six months of additional mortgage payment forbearance, in three-month increments, for borrowers who entered the program on or before June 30, 2020.

What they're saying: "Now, homeowners will receive urgently needed relief as we face this unprecedented national emergency," the White House wrote in a news release.

• "Today’s action builds on steps the President took on Day One to extend foreclosure moratoriums for federally guaranteed mortgages."