Gov. Gavin Newsom Announces Mortgage Relief Commitments from Major Lenders to Help Wildfire Survivors

January 21, 2025

CBS News, Jan. 19, 2025-Chelsea Hylton
California Gov. Gavin Newsom announced commitments from five major financial institutions that will offer mortgage relief for property owners affected by the Los Angeles area fires.

Newsom’s office said Bank of America, Citi, JPMorgan Chase, Wells Fargo and U.S. Bank will offer impacted homeowners a 90-day forbearance on their mortgage payments, without reporting the payments to credit reporting agencies.

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