In a morning press conference on Thursday, March 19, 2020, New York Governor Andrew Cuomo announced that the Department of Financial Services issued a new directive to mortgage servicers to provide 90-day mortgage relief to New York borrowers impacted by the novel coronavirus.
Later in the day, the New York State Department of Financial Services (DFS) issued guidance to New York State Regulated and Exempt Mortgage Servicers urging that they provide relief to New York mortgage borrowers harmed by the coronavirus pandemic.
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