TRENTON, NJ - The governor announced help for those who may be struggling with mortgage payments and the possibility of a further New Jersey quarantine in his daily press conference today about COVID-19.
Financial institutions will provide mortgage forbearance and financial protections for New Jerseyans facing economic hardship as a result COVID-19, according to an announcement by Gov. Phil Murphy today.
"For all those New Jerseyans for whom April 1 looms large," Murphy said, "we're authorizing a 90-day grace period."
Building on a similar initiative in California, Murphy secured support from Citigroup, JPMorgan Chase, U.S. Bank, Wells Fargo, and Bank of America, in addition to over 40 other federal and state-chartered banks, credit unions, and servicers to protect New Jersey homeowners. More financial institutions are expected to sign on in the coming days.
Those affected will not receive late fees nor negative credit impacts because of delinquent mortgage payments, Murphy said.
“Millions of hardworking New Jerseyans are suffering financial losses through no fault of their own as a result of the economic downturn brought on by COVID-19,” Murphy said in a press release prior to his daily press conference. “With this initiative, we can ensure that no one loses their home during this public health crisis. I commend our private sector partners for doing their part to reduce financial uncertainty for New Jersey families.”
Murphy said, as well, renters struggling with possible eviction can expect to receive compassion from landlords.
"This is not a time to evict," Murphy said. "Those holdouts can expect a not very pleasant conversation."
The statewide COVID-19 case count as of 1 pm Saturday, March 28 has topped 10,000, and now stands at 11,124 and a total of 140 fatalities, an increase of 32 deaths in the past 24 hours.
Cases by County
Data is provisional and subsequent to revision.
2,478 Positives Pending Further Information
1838 Positive Test Result(s)
1086 Positive Test Result(s)
808 Positive Test Result(s)
781 Positive Test Result(s)
771 Positive Test Result(s)
742 Positive Test Result(s)
624 Positive Test Result(s)
608 Positive Test Result(s)
442 Positive Test Result(s)
258 Positive Test Result(s)
168 Positive Test Result(s)
123 Positive Test Result(s)
115 Positive Test Result(s)
81 Positive Test Result(s)
61 Positive Test Result(s)
51 Positive Test Result(s)
51 Positive Test Result(s)
17 Positive Test Result(s)
11 Positive Test Result(s)
Cape May County:
7 Positive Test Result(s)
3 Positive Test Result(s)
The increase in cases is "partly from community spread and partly from testing," Murphy said.
"This is a pass/fail test," he said. "No one is getting graded on a curve."
The governor talked about a Mercer County incident in which Ewing Police broke up a party with 47 people in a 515-square-feet space, including a DJ. The organizer was charged, Murphy said.
NJ Federal Quarantine?
Murphy said he was not aware of a federal quarantine on parts of New Jersey, as of 2 pm today. President Donald Trump said prior to the Murphy press conference he would consider quarantining New York, Connecticut and parts of New Jersey because those areas are hot spots with some of the highest numbers of coronavirus cases in the country.
"We're going to keep doing what we're doing," he said. "Are we considering taking further steps? You bet."