Bank of America Offers New Mortgage Relief for L.A. Wildfire Survivors [Los Angeles Times (CA)]
Bank of America Corporation (BAC)
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Source: Los Angeles Times
As part of its ongoing leadership supporting those impacted by the devastating Los Angeles wildfires, Bank of America has announced new offerings anticipated to help its mortgage clients rebuild their homes. The Bank of America Rebuild Solution will offer three distinct features for certain qualifying mortgage clients planning on rebuilding their home: Extends forbearance by up to two additional years, beyond the current 12-month forbearance period, for clients who plan to rebuild their home; Offers a Rebuild Line of Credit expected in February 2026 to help cover rebuilding costs not fully covered by insurance; and Preserves the client's current lower interest rate on the underlying mortgage. “As Los Angeles continues to recover from January's Eaton and Palisades fires, Bank of America is utilizing its experience working through disasters, its capital and connections to help our clients rebuild their homes,” said Raul Anaya , Bank of America president of Business Banking an
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