California governor says 4 banks to waive mortgage fees

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SACRAMENTO — Four of the nation’s largest banks agreed to temporarily suspend residential mortgage payments for Californians affected by the coronavirus, Gov. Gavin Newsom said Wednesday.

The announcement comes as more than 1 million Californians have filed for unemployment benefits since March 13 because many businesses have had to shut down because of a statewide “stay at home” order to prevent the spread of the virus.

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