Coronavirus help: U.S. mortgage backers halt foreclosures for 60 days

Certain borrowers nervous about missed house payments got some relief as two major government backers of mortgages have said they’re stopping foreclosure work for the next 60 days.
The Federal Housing Administration and Fannie Mae announced moves to help out borrowers behind on house payments as part of effort to mitigate the financial impact of the coronavirus outbreak.
Loan servers of FHA and Fannie Mae loans have been directed to stop starting new foreclosure actions; suspend foreclosur