... what about hurricanes?
👉 1-21-2025: "California Governor Gavin Newsom announced commitments from major lenders to provide firestorm survivors with mortgage relief. [CUToday]
"These institutions have committed to offer their customers who are impacted homeowners a 90-day forbearance of their mortgage payments, without reporting these payments to credit reporting agencies, and the opportunity for additional relief, Newsom’s office stated."
"The commitments were made by the following banks: Bank of America, Citi, JPMorgan Chase, U.S. Bank, and Wells Fargo. Newsom’s administration said it is also engaging with other financial institutions,..."
- 90-day mortgage payment forbearance periods, streamlined processes for requesting initial relief without submitting forms or documents,
- Relief from mortgage-related late fees accruing during the forbearance period for 90 days
- Protection from new foreclosures or evictions for at least 60 days
- Institutions will not report late payments of forborne amounts to credit agencies
✅ There was hope that our "locally"- owned, "locally"-led and "locally"-focused SECU would act to help solve the financial problems our members are now enduring and will in the future incur from the catastrophic destruction caused by Hurricane Helene to their credit scores... no such luck.