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

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.Bank of America spokeswoman Jessica Oppenheim said the governor was mistaken, however.U.S. bank regulators have directed financial institutions to exercise forbearance and work with their customers who may face hardship, but there are no consistent guidelines on what such fo