More than one million residents have filed for unemployment insurance since March 13, Gov. Gavin Newsom says, as businesses shut down to slow the spread of the disease.
California has reached a deal with several financial institutions, including four of the country's five largest banks, to provide relief to homeowners affected by the coronavirus by suspending foreclosures and delaying mortgage payments, the governor announced Wednesday.More than one million residents have filed for unemployment insurance since March 13, Gov.
on mortgage payments for homeowners who can provide evidence that they've been impacted by the COVID-19 pandemic. Late payments would not be reported to credit rating agencies.to give struggling homeowners more flexibility last week. That covers about half of all home loans in the country.
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