JPMorgan providing forbearance to mortgage customers hit by Los Angeles wildfires

(Reuters) – JPMorgan Chase’s home lending unit is providing disaster forbearance to mortgage customers affected by the Los Angeles wildfires, the bank said on Monday.

Forbearance allows borrowers to temporarily pause repayments on their loans or pay lower amounts.

(Reporting by Niket Nishant in Bengaluru and Saeed Azhar in New York; Editing by Shounak Dasgupta)