Invezz

JPMorgan Chase increases standards for new mortgage borrowers to minimize lending risk

JPMorgan Chase increases standards for new mortgage borrowers to minimize lending risk
Finance & banking
Wajeeh Khan
Author
Wajeeh K.
Apr 13, 2020, 08:35 AM
  • JPMorgan Chase says new mortgage borrowers will now be subject to higher standards.
  • The bank now requires at least 700 credit score and 20% down payment to apply for mortgage.
  • The biggest U.S lender says the move is targeted at alleviating the COVID-19 driven lending risk.

JPMorgan Chase & Co. (NYSE:JPM) said on Sunday that higher borrowing standards will be applied to the majority of new home loans from this week. The biggest U.S lender by assets said that the move is aimed at alleviating the unprecedented lending risk due to the ongoing Coronavirus pandemic.

Jun 26, 2026, 15:57 PM
Apple stock gains on Friday as Wall Street sees buying opportunity
Stock market

Apple stock gains on Friday as Wall Street sees buying opportunity

Jun 26, 2026, 14:47 PM
Moderna stock soars as cancer pipeline and CAR-T push ignite optimism
Stock market

Moderna stock soars as cancer pipeline and CAR-T push ignite optimism

Jun 26, 2026, 14:11 PM
Omeros stock crashes on regulatory setback: buy the dip?
Stock market

Omeros stock crashes on regulatory setback: buy the dip?

Jun 26, 2026, 13:57 PM
SpaceX stock rises as Russell 1000 inclusion fuels index fund demand
Stock market

SpaceX stock rises as Russell 1000 inclusion fuels index fund demand

Jun 26, 2026, 12:35 PM
Column: was SpaceX IPO the peak of the AI bull market?
Stock market

Column: was SpaceX IPO the peak of the AI bull market?

No results found

Loading articles...

Failed to load articles. Please try again.