Mortgage Relief from Governor Newsom 
Dear Neighbor,
 
With COVID-19 causing concerns for residents up and down California, including Long Beach, I want to make sure I am providing frequent information to residents whenever there are important updates. 

Yesterday, Governor Gavin Newsom  announced that four of the five big banks; Citigroup, JPMorgan Chase, U.S. Bank, and Wells Fargo, along with almost 200 state-chartered banks and credit unions, agreed to  put off collecting mortgage payments  for up to 90 days from borrowers who can document they've been affected by the crisis.

The Governor further explained that financial institutions had agreed to not report the late payments to credit agencies causing no negative impact to credit reports and would not start foreclosure sales or evictions.


This progress being made at the state will be a benefit to Long Beach residents who's finances have been harmed by this global emergency. The Governor's steps yesterday provide additional financial security for residents allowing us all to focus more clearly on the urgent needs before us now to stay healthy, and to reduce the spread of this disease. 

I realize things are changing rapidly and new information and updates are coming out all the time. But, I want to assure you that my office and my team are at your service and will continue to provide any and all assistance we can from both our office at City Hall as well as our Field Office at 340 Nieto Avenue. Please reach out to our office any time as our focus will continue to be providing effective information and responsive assistance for any request. 
 
If you have any questions please feel free to contact my office at (562)570-6300 or by email at district3@longbeach.gov.


Sincerely,
Suzie Price
Councilwoman, Third District
     
Third District Council Office
411 W. Ocean Blvd., 11 th Floor
Long Beach, CA  90802
(562) 570-6300 

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