Banks Prepare To Offer Mortgage Relief Due To COVID-19
March 17, 2020 8:56 AM
by
Navi Persaud
News

Homeowners facing short- and/or long-term unemployment due to the COVID-19 crisis may be strapped for cash or facing temporary unemployment. They soon may have a little less to worry about.

According to a report from KXAN, the Federal Deposit Insurance Cooperation has asked that financial institutions provide assistance to customers impacted by a scenario that is out of their control. As a result, banks across the nation have created pages on their sites dedicated to assist customers who are financially affected by COVID-19.

"Amid news about the coronavirus (COVID-19), we are committed to doing everything we can to meet your banking and investing needs. We’re here for you with the solutions, support, and advice you need to manage your finances and to navigate the volatility of the market," reads Bank of America's page.

"In the days to come we will continue to devote all necessary resources to help ensure your personal safety, while maintaining all of the services you count on. And as new developments emerge, we will share information with you about how we continue to operate safely and effectively."

Similar messages can be found for Capital One, Chase, Citibank, PNC Bank, Truist and more. To learn more about these pages click here.

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