Wells Fargo issues lifeline for California wildfire victims after Trump stepped in

Los Angeles homeowners displaced by the devastating 2025 wildfires can now request up to an extra year of mortgage relief after Wells Fargo agreed to extend forbearance following an effort backed by the Trump administration.The bank will offer customers directly impacted by the blazes up to an additional 12 months of mortgage forbearance, bringing the total available relief to 27 months, according to the Environmental Protection Agency.EPA Administrator Lee Zeldin said: “Big announcement today by @WellsFargo granting Los Angeles wildfire victims a one-year mortgage forbearance extension!“This is so critical for a homeowner still displaced and simultaneously facing a mortgage payment and rental payment.California's top news, sports and entertainment delivered to your inbox every day.

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Never miss a story “The Trump EPA has been proudly working hard on this effort at President Trump’s direction even if it’s not something we typically do at our agency.”The agency explained that this relief addresses a hardship that has been voiced time and again during recovery — families are stuck paying mortgages on homes reduced to ashes, all while covering rent for temporary shelter as they wait to rebuild.“EPA’s cleanup cleared the path to rebuild, and private partners like Wells Fargo stepping up to ease the financial burden on survivors is exactly the public-private effort this recovery needs,” Zeldin said in a statement.Meanwhile, Wells Fargo reaffirmed its dedication to helping Los Angeles recover and rebuild.“Supporting our communities has always been a priority at Wells Fargo,” said Serhat Oztop, head of Home Lending at Wells Fargo.California Post News: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedInCalifornia Post Sports Facebook, Instagram, TikTok, YouTube, XCalifornia Post Opinion Cali...