The sweeping unemployment fallout triggered by the coronavirus pandemic has prompted banks across Florida to initiate deferred payment procedures for their home mortgage and home equity customers who find themselves out of work. “We’ve been advocating for 90-days of deferred payments” State CFO Jimmy Patronis said.
During a Monday Skype interview the state CFO said he had a telephone conference call with lenders along with the Office of Financial Regulation last week to “aggregate all those together as a clearing house” for the solutions the lenders have developed.
Wells Fargo issued a statement Monday that confirmed the lender is “granting an immediate 3-month payment suspension for any home mortgage or home equity customer who makes a