ADAM BEAM Associated Press SACRAMENTO (AP) — Four of the nation's largest banks agreed to temporarily suspend residential mortgage payments for Californians affected by the coronavirus, Gov. Gavin Newsom said Wednesday. The announcement comes as more than 1 million Californians have filed for unemployment benefits since March 13 because many businesses have had to shut down because of a statewide "stay at home" order to prevent the spread of the virus. Wells Fargo, US Bank, Citi and JP Morgan Chase have all agreed to waive mortgage payments for people affected by the coronavirus. An additional 200 state charter banks and credit unions made similar commitments, he said. But Newsom noted Bank of America agreed to suspend payments for one month. "I hope they will reconsider and join t
Subscribe or log in to read the rest of this content.