Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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