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JPMorgan Eyes Going Back Into FHA Loans

Saturday, Feb 08 2020
Lending
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JPMorgan Chase & Co. is debating whether to offer more Federal Housing Administration-backed loans. So reports Bloomberg, citing sources familiar with the matter.

The bank’s mooted return to the U.S. initiative that assists low-income home buyers would end an era when lenders retreated from FHA loans over billions of dollars in fines.

JPMorgan is reportedly rethinking the program, which insures more than $1.2 trillion in U.S. mortgage debt, because of pledges by President Donald Trump’s administration to make it tougher for lenders to be fined for underwriting flaws.

Read the full article from Bloomberg.

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