The JP Morgan Chase corporate headquarters in New York. The biggest lender by assets in the US is toughening mortgage borrowing requirements as joblessness numbers have soared in recent weeks due to the measures pub in place to stop the spread of the coronavirus. Reuters    
The JP Morgan Chase corporate headquarters in New York. The biggest lender by assets in the US is toughening mortgage borrowing requirements as joblessness numbers have soared in recent weeks due to tShow more

Banking

JPMorgan Chase to tighten mortgage borrowing standards as economic outlook weakens

People applying for new mortgages will need a downpayment of 20% and a good credit score

Reuters

April 12, 2020