As 1 million Californians file for unemployment, homeowners hurt by coronavirus will get a break

By PHIL WILLON, LIAM DILLON

MARCH 25, 20201:12 PM

SACRAMENTO — Several major banks and financial institutions have agreed to delay foreclosures and provide mortgage relief to California homeowners who are struggling to make their monthly payments due to the novel coronavirus outbreak, Gov. Gavin Newsom announced Wednesday.

The assistance comes as more than 1 million Californians have applied for unemployment benefits this month due to layoffs or reduced hours amid the pandemic, Newsom said.

Eligible homeowners would be able to defer mortgage payments for at least three months and perhaps longer if they suffer hardship due to the pandemic. Any late payments would not be reported to credit agencies.

Sauce,

https://www.latimes.com/california/story/2020-03-25/coronavirus-california-governor-newsom-homeowners-assistance