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Mountain View News Saturday, January 25, 2025
GOVERNOR NEWSOM & ASSEMBLYMEMBER
HARABEDIAN ANNOUNCE COMMITMENTS FROM
STATE BANKS AND CREDIT UNIONS TO PROVIDE
MORTGAGE RELIEF FOR FIRESTORM SURVIVORS
(SACRAMENTO, CA) - Today, Assemblymember John Harabedian (D-Pasadena) joined
Governor Newsom in announcing 270 state-chartered banks, credit unions, and mortgage
lenders and servicers have committed to providing mortgage relief for property owners in
designated fire areas as a result of the devastation in Los Angeles and Ventura Counties.
“Our communities are hurting, and providing immediate financial relief is essential to our
long-term rebuilding. I’m proud to join Governor Newsom in announcing mortgage payment
forbearance through these financial institutions,” said Assemblymember John Harabedian
(D-Pasadena). “The work is far from done, and I’m committed to partnering with
Governor Newsom, Speaker Rivas, and Pro Tem McGuire to deliver the support wildfire
survivors need.”
“Today’s announcement by federal and California-based lenders helps provide survivors
with the time and relief to address their immediate needs, rather than worrying about paying
mortgage bills. I thank each of the financial institutions that are offering this help for
Californians recovering from this catastrophic firestorm. California will continue working
with all stakeholders to support survivors, expedite recovery, and provide relief,” said Governor
Newsom.
Similar to an announcement last week by five major lenders, these financial institutions have
committed to offering impacted homeowners a 90-day forbearance of their mortgage payments,
without reporting these payments to credit reporting agencies, and the opportunity
for additional relief. One additional federally chartered institution has also joined in the
commitment.
Earlier this month, Assemblymember Harabedian introduced AB 238 to provide one year of
mortgage relief to wildfire victims:
• AB 238, Mortgage Deferment Act: Under the Mortgage Deferment Act, borrowers
are entitled to request an initial forbearance of their monthly mortgage payments for up to
360 days. This bill is inspired by the CARES Act, which provided mortgage payment forbearance
to those experiencing financial hardship during the COVID-19 national emergency.
AB 238 will be heard in Assembly policy committees during the spring.
Assemblymember John Harabedian represents the 41st District composed of the cities of La Cañada
Flintridge, Pasadena, Altadena, Sierra Madre, Monrovia, Bradbury, San Dimas, La Verne, Claremont,
Upland, Rancho Cucamonga, Oak Hills, Piñon Hills and Phelan.
POST OFFICE UPDATE
LOS ANGELES (CNS) -
Some post offices that were affected by wildfires have resumed retail services and mail
delivery in areas designated as ``safe'' throughout Los Angeles County, while some
offices have been assigned temporary pickup locations, officials said today.
Regular services have reopened at the La Canada Flintridge and Malibu Post Offices,
according to the United States Postal Service.
The following post offices' retail and delivery services have been relocated where
customers will be able to pick up mail on the effective dates:
-- ALTADENA POST OFFICE 2271 Lake Ave., mail pickup
location at Pasadena Post Office, 600 Lincoln Ave.;
-- SIERRA MADRE,
ARCADIA (WHEELER)
ARCADIA (DUARTE RD.)
EAST PASADENA (Colorado Blvd) and
MONROVIA are operating on their normal schedule at
press time.
The post office can forward mail to a temporary location to people who were affected.
An Official Mail Forwarding Change of Address Order to reroute their mail,
including packages and letters, can be completed at moversguide.usps.com, or by
filling out a PS Form 3575 at any post office.
More information about postal products and services can be found by
calling 800-275-8777.
Additional retail locations can be found at tools.usps.com/locations/.
Mountain Views News 80 W Sierra Madre Blvd. No. 327 Sierra Madre, Ca. 91024 Office: 626.355.2737 Fax: 626.609.3285 Email: editor@mtnviewsnews.com Website: www.mtnviewsnews.com
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