On Thursday, March 19, Bank of America announced that it will allow homeowners who are experiencing hardship due to the Coronavirus outbreak to request to defer payments, with these payments being added to the end of the loan. They have also paused foreclosure sales, evictions, and repossessions for the time being.
According to Bank of America, any customer who wants to request a loan payment deferment may do so by calling customer service and discussing their hardship.