COVID-19: Credit Market Shrinks for Home Loans, HELOCs




Real Estate News: Real Estate Investing Podcast show

Summary: A recent change in lending could impact real estate investors, especially if more lenders follow suit. Over the weekend, JPMorgan Chase stopped accepting HELOC applications. The bank posted the notice on its website saying it’s a temporary suspension due to the current economic uncertainty created by COVID-19. Lenders have also been tightening loan standards. Chase says it will continue to review already-submitted applications for home equity lines of credit...