How the Coronavirus is Changing the HELOC Lending Market

National Mortgage News, Apr. 28, 2020–Brad Finkelstein (subscription)
Is JPMorgan Chase an outlier or the canary in the coal mine when it comes to home equity lending during the coronavirus spread? Banks have not been in a rush, thus far, to follow in JPMorgan Chase’s footsteps when it comes to putting a hold on home equity line of credit lending. Competitors like TD Bank say they’ll continue to offer HELOCs as long as there are “quality applications.”
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