Banks in New York State have agreed to postpone mortgage payments for 90 days for homeowners who demonstrate they are experiencing financial hardship. If you are a homeowner that is affected by the crisis, you may want to reach out to your bank to see if you qualify for deferred payments.
According to Crains:
Eligibility for waived payments is based on financial hardship, the Governor said. The 90 days constitutes a grace period—those who participate in the program will still owe their payments but be allowed to pay them at a later date. “
The article goes on to state that many bank fees for overdrafts or ATM charges will also be waived.