Big U.S. banks offer forbearance on mortgages -California Governor

SAN FRANCISCO, March 25 (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.