Big U.S. banks offer forbearance on mortgages - California Governor
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SAN FRANCISCO (Reuters) - Four of the nation's five largest banks have agreed to postpone foreclosures and offer forbearance on mortgage payments for three months for homeowners impacted by COVID-19, California Governor Gavin Newsom said on Wednesday.But while JP Morgan Chase , US Bank, Wells Fargo , Citi and 200 state-chartered banks and credit unions all agreed to offer 90 days of protections, Bank of America had "unfortunately" only committed to 30 days, he said. Bank of America..