City of Boston Announces New Mortgage Relief Process to Aid Homeowners

On April 9, Boston Mayor Martin Walsh announced that 12 of the largest housing lenders in Boston will offer at least three months of deferred mortgage payments for homeowners who contact them and demonstrate they have been financially impacted by the crisis. In addition, the lenders have committed not to charge late fees, or report non-payments to the credit bureaus. Homeowners will not be required to pay back the deferred mortgage payments in a lump sum, but will instead work with lenders on an affordable repayment plan. Learn more here: