California extends mortgage relief for wildfire victims
California extends mortgage relief for wildfire victims
US · Published Sep 16, 2026
California Governor Gavin Newsom has signed new legislation to extend mortgage relief for victims of the January 2025 Los Angeles County wildfires.
The bills, authored by Assemblymember John Harabedian, provide up to 24 months of mortgage forbearance for affected homeowners in L.A.

Impact & Risks

The legislation directly benefits homeowners in Los Angeles County and across California who are struggling with financial hardships due to wildfire damage. By extending mortgage relief and clarifying repayment terms, the bills aim to reduce the risk of foreclosure and financial instability for affected families. However, some borrowers have reported challenges in accessing relief due to lender practices, highlighting the need for continued oversight and enforcement. The measures also address the increasing frequency and severity of natural disasters linked to climate change, providing a framework for future recovery efforts.

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