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Banks will waive mortgage payments for California homeowners, governor says

Banks will waive mortgage payments for California homeowners, governor says

With millions of Californians temporarily out of work, Gov. Gavin Newsom today announced that four of the nation’s five largest financial institutions have agreed to give residents of the state a little extra time to repay missed home mortgage payments. Newsom said that he had received “personal commitments” from the heads of Wells Fargo, U.S.