Core Viewpoint - Bank of America has introduced a new Rebuild Solution aimed at assisting homeowners in Altadena and Pacific Palisades who were affected by recent wildfires, providing financial support to help them rebuild their homes [1][2]. Group 1: Rebuild Solution Features - The Rebuild Solution includes three main features: extended forbearance for up to two additional years, a Rebuild Line of Credit expected to launch in February 2026, and preservation of the current lower interest rate on existing mortgages [6]. - The extended forbearance is designed to help homeowners maintain cash flow while they plan their rebuilding efforts [2][6]. Group 2: Impact of Wildfires - The wildfires in Southern California have destroyed approximately 13,000 residential properties, with about half of the affected homeowners having a financial relationship with Bank of America [2]. - Bank of America has a long-standing presence in Los Angeles, with over 110 years of history and a leading market share in the region [2]. Group 3: Community Support Initiatives - The bank's Client Assistance Program has previously provided early loan payment relief, including mortgage and credit card forbearance, and personalized support for impacted clients and businesses [3]. - Bank of America is committed to rebuilding its financial centers in the affected areas and is directing significant capital to Community Development Financial Institutions (CDFIs) for ongoing small business and housing relief [3].