18 Jan Gov. Gavin Newsom announces mortgage relief commitments from major lenders to help wildfire survivors
California Gov. Gavin Newsom tours the downtown business district of Pacific Palisades as the Palisades Fire continues to burn on Jan. 8, 2025 in Los Angeles, California.
Eric Thayer / Getty Images
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.
