Over 270 state-chartered banks, credit unions, and financial companies are offering mortgage relief to residents whose homes were damaged or destroyed by the Los Angeles firestorms, according to Governor Gavin Newsom. The relief package includes a 90-day forbearance on mortgage payments, protection from foreclosures or evictions for at least 60 days, and no reporting of delayed payments to credit bureaus.
Residents whose homes were damaged or destroyed by the Los Angeles firestorms are being offered mortgage relief by nearly 270 state-chartered banks, credit unions and other financial companies, Gov. Gavin News om said Thursday. The announcement follows a decision by five major banks last week to offer mortgage relief to the fire victims.
The help is available to qualified Los Angeles County residents in the 90019, 90041, 90049, 90066, 90265, 90272, 90290, 90402, 91001, 91104, 91106, 91107, or 93536 ZIP Codes. Borrowers must contact their mortgage servicer to obtain relief. Last week, Wells Fargo, Bank of America, JP Morgan, Citibank and U.S. Bank announced mortgage relief programs. The Palisades and Eaton fires have burned more than 37,000 acres, damaging or destroying over 18,000 homes and killing at least 28 people.
MORTGAGE RELIEF FIRE RELIEF CALIFORNIA WILDFIRES LOS ANGELES FIRES GOVERNOR NEWSOM
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big Banks Offer Mortgage Relief to Wildfire Survivors in LASeveral major banks have agreed to provide up to a 90-day grace period on mortgage payments for those who lost their homes in the recent Los Angeles area wildfires. The agreement, announced by Governor Gavin Newsom, aims to offer financial support and allow residents to focus on their immediate needs.
Read more »
Newsom reaches deal with banks for wildfire-related mortgage reliefGov. Gavin Newsom announced that major financial institutions will offer mortgage relief for property owners affected by the Los Angeles County wildfires.
Read more »
Five major banks offering mortgage relief in fire-ravaged L.A. region areas, Newsom announcesFive major banks will offer homeowners up to three months of forbearance on mortgage payments in areas devastated by the Southern California wildfires.
Read more »
Biggest US banks ready mortgage relief for victims of Los Angeles wildfiresJPMorgan Chase and Bank of America are easing mortgage repayment conditions for customers affected by the Los Angeles wildfires, as residents grapple with one of the most destructive natural disasters in the city's history.
Read more »
Wildfires Offer Mortgage Relief Amidst Devastating LossesFannie Mae and Freddie Mac offer mortgage forbearance and other assistance to homeowners impacted by the devastating wildfires on the West Coast. Private lenders like Chase Home Lending and Bank of America also extend relief programs. While mortgage payments and property taxes remain a concern for victims, tax relief options are available for those who incurred significant damages.
Read more »
California Homeowners Delaying Mortgage Payments Could See Huge Increase in BillsCalifornia homeowners delaying mortgage payments due to wildfires face increased bills as forbearance ends.
Read more »