JPMorgan providing forbearance to mortgage customers hit by Los Angeles wildfires

© Reuters. FILE PHOTO: A sign outside JP Morgan Chase & Co. offices is seen in New York City, U.S., March 29, 2021.  REUTERS/Brendan McDermid/File Photo

(Reuters) – JPMorgan Chase (NYSE:JPM)’s home lending unit is providing disaster forbearance to mortgage customers affected by the Los Angeles wildfires, the bank said on Monday.

Forbearance allows borrowers to temporarily pause repayments on their loans or pay lower amounts.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *