JPMorgan relaxes mortgage curbs with US housing prices on rise ...Qatar

JPMorgan Chase & Co is going on the “offensive” in mortgages as home prices rise across the country, said Marianne Lake, the bank’s chief executive officer for consumer lending. “In the case of home lending in particular, we’ve walked back some of our constraints in a reflection of the fact that we’ve seen home prices continue to improve,” Lake said at a virtual investor conference on Monday. “We have loosened some of our criteria there,” she said, without elaborating. Low interest rates and a “generally solid economy” are fuelling a surge in refinancing activity and propelling the purchase market, which is estimated at about $1.3tn this year, Lake said, adding that homeownership rates are

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JPMorgan relaxes mortgage curbs with US housing prices on rise ...Qatar

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