HousingWire TECH100 winner FormFree issued pioneering patent

HousingWire TECH100 winner FormFree issued pioneering patent

All-digital verification is now a thing

Ginnie Mae ditches paper and goes eMortgage

Electronic filing to start very soon

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation
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