Five of the nation’s largest banks have agreed to temporarily suspend residential mortgage payments for people whose jobs have been affected by the CCP virus, California Gov. Gavin Newsom said on March 25.
The announcement came as Newsom provided yet another grim statistic about the economic devastation from the virus: 1 million Californians have filed for unemployment benefits since March 13 as businesses shut down or dramatically scaled back because of a statewide “stay-at-home” order to prevent virus spread.
