Exclusive: JPMorgan Chase to raise mortgage borrowing standards as economic outlook darkens
April 11, 20202 min read420 words
Published: April 11, 2020  |  2 min read420 words
By From Tuesday, customers applying for a new mortgage will need a credit score of at least 700, and will be required to make a down payment equal to 20% of the home’s value.The change highlights how banks are quickly shifting gears to respond to the darkening U.S. economic outlo...
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