Major Banks, Lenders Provide Disaster Relief for Los Angeles Wildfire Victims

Financial institutions are offering disaster relief and forbearance programs to help victims of the California wildfires.

A man sifts through the remains of his family's fire-ravaged beachfront property in the aftermath of the Palisades Fire, in Malibu, Calif., on Jan. 10, 2025. John Locher/AP Photo

Major U.S. banks, alongside mortgage giants Fannie Mae and Freddie Mac, are providing disaster relief and flexible mortgage repayment options to those affected by the wildfires in Southern California that have left thousands of homeowners grappling with destruction and uncertainty.

One of the country’s biggest banks, Chase Home Lending, a subsidiary of JPMorgan Chase, has announced a disaster forbearance program for its mortgage customers affected by the wildfires.