These banks want out of mortgage lending. Here’s what that means to the housing market

The Federal Reserve is buying up hundreds of billions of dollars of mortgage-backed securities, boosting liquidity for banks and encouraging them to lend more to jumpstart the devastated economy. But JPMorgan Chase, the nation’s fourth largest home loan provider, is heading in the opposite direction, having just raised its borrowing standards on home loans and suspended home equity line of credit offerings. JPMorgan’s decision to back away from mortgage lending — along with similar moves

source https://therealdeal.com/2020/04/20/banks-want-out-of-mortgage-lending-heres-what-that-means-to-the-housing-market/