Market shift: HSBC offloads huge REO portfolio to Altisource

How to get a mortgage right now, even with bad credit

HUD, FHA programs abound for those hit by the recession

America’s housing not ready for ever-expanding over-50 population

Harvard/AARP Study: Housing lacks accessibility for boomers
W S
Lending / The Ticker

JPMorgan eases lending standards

States start to recover

hurdle
/ Print / Reprints /
| Share More
/ Text Size+

According to Bloomberg, JPMorgan Chase (JPM) decided to ease its mortgage lending standards in the housing markets that were hit hardest by the financial crisis.

The bank lowered some down payment requirements in Florida, Nevada, Arizona and Michigan because they will “no longer be considered distressed states,” it informed smaller lenders it buys loans from in July. The second-largest U.S. mortgage lender also loosened underwriting requirements for a refinancing program for Federal Housing Administration borrowers.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus