Gov. Gavin Newsom on Wednesday proposed a $125-million mortgage relief fund for the victims of recent natural disasters, including the fires that swept through Los Angeles County last month.

A new mortgage relief program for Californians who've had their homes destroyed by recent natural disasters is in the works.

The California Housing Finance Agency expects to begin a $125 million mortgage relief program to benefit victims of recent wildfires and other natural disasters by June 1.

Gov. Gavin Newsom wants to use $125 million to pay for people who have lost their homes in recent wildfires and face the threat of foreclosure.

California Governor Gavin Newsom Proposes $125 Million in Mortgage Relief to Benefit Victims of the Park, Franklin, Palisades, and Eaton Fires

Governor Newsom proposes a $125 million mortgage relief program for California homeowners affected by recent natural disasters.

Gov. Gavin Newsom is forming a $125 million mortgage relief program to benefit victims of recent wildfires and natural disasters, tapping a legal settlement fund created after major lenders were accused of misconduct during the mortgage crisis nearly 20 years ago.

California Governor proposed a $125 million mortgage relief program to assist homeowners at risk of foreclosure or whose homes were destroyed.