Banks To Defer Mortgage Payments For California Borrowers Impacted By COVID-19 Crisis

On March 25, 2020, Governor Gavin Newsom announced that four of the five major banks – JP Morgan Chase, Citigroup, Wells Fargo and U.S. Bank – along with nearly 200 state-chartered banks and credit unions agreed to defer collecting mortgage payments from borrowers impacted by the crisis for 90 days.  During his announcement the governor…
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