COVID-19 Crisis California Mortgage Payment Relief

Governor Newsom announces financial institutions will provide relief for vast majority of Californians!  Californians economically impacted by COVID-19 may receive 90-day grace periods to make mortgage payments.   Financial institutions agree not to negatively impact credit reports as a result of accepting payment relief

Governor Gavin Newsom today announced that financial institutions will provide major financial relief for millions of Californians suffering financially as a result of the COVID-19 outbreak.

“Millions of California families will be able to take a sigh of relief,” said Governor Newsom. “These new financial protections will provide relief to California families and serve as a model for the rest of the nation. I thank each of the financial institutions that will provide this relief to millions of Californians who have been hurt financially from COVID-19.”

Governor Newsom secured support from Citigroup, JPMorgan Chase, U.S. Bank, and Wells Fargo and nearly 200 state-chartered banks, credit unions, and servicers to protect homeowners and consumers.

Read more here at the Office of Governor Gavin Newsom