Mayor Walsh: Mortgage Payment Deferrals, Social Distancing During Holidays

BOSTON (WBZ NewsRadio) — Mayor Marty Walsh gave an update on the city's response to COVID-19 Thursday from City Hall.

Walsh said 12 lenders doing business in Boston are agreeing to postpone mortgages three months as the city recovers from the coronavirus pandemic.

"After the deferral period, homeowners will not be required to pay the deferment payments in one lump sum," Walsh said. "They'll be able to work it out with their lenders on a repayment program."

The lenders have agreed not to charge late fees, as well as to give a non-payment response to credit bureaus.

"This is about giving some people the opportunities and breathing room in this difficult time," Walsh said. "No one should have to worry about losing their home right now."

During his address, Mayor Walsh also stressed the importance of keeping up with social distancing, even with Passover and Easter this week. "There's plenty of ways to get connected with loved ones virtually," Walsh said.

Walsh said this is the first Easter in his life he hasn't spent with his mother.

"I'm not going to see her because I love her," he said, "Listen to me. God certainly understands... respect life by protecting life."

WBZ NewsRadio's Karyn Regal (@Karynregal) reports

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