JPMorgan Chase is stepping further away from mortgage lending as it focuses on the wave of refinancings. In its second major move this week, the bank announced Thursday it will no longer accept home equity line of credit applications due to the uncertainty in the economy brought on by the coronavirus, according to Housing Wire. JPMorgan is the fourth largest mortgage lender in the country. A spokesperson for Chase Home Lending did not say how
source https://therealdeal.com/2020/04/16/jpmorgan-takes-another-step-back-from-mortgage-lending-to-focus-on-refis/
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