JPMorgan Chase to raise mortgage borrowing standards [MSN Money]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: MSN Money
NEW YORK (Reuters) - JPMorgan Chase & Co , the country's largt lder by assets, is raising borrowing standards this week for most new home loans as the bank mov to mitigate lding risk stemming from the novel coronavirus disruption.© Reuters/Mike SegarFrom Tuday, customers applying for a new mortgage will need a credit score of at least 700, and will be required to make a down paymt equal to 0% of the home's value.The change highlights how banks are quickly shifting gears to rpond to the darking U.S. economic outlook and strs in the housing market, after measur to contain the virus put 6 million people out of work and plunged the country into recsion."Due to the economic uncertainty, we are making temporary chang that will allow us to more closely focus on serving our existing customers," Amy Bonitatibus, chief marketing officer for JPMorgan Chase's home lding busins, told Reuters.The bank was the fourth largt U.S. mortgage lder in 09, according to industry publication Inside Mortgage F
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- JPM's page on the SEC website