JPMorgan Chase announced it won’t be making any further home equity loans after two days prior announcing that it is raising its borrowing standards for new home mortgages by requiring a credit score of 700 or higher and a 20 percent down payment. So let that sink in for a minute. JPMorgan is currently paying dividends of 90 cents per share per quarter on just over 3 billion shares for an annual payout of $10.98 billion to its shareholders but it can’t find the cash to make home equity loans to the 22 million Americans who have lost their jobs over the past month.
https://wallstreetonparade.com/2020/04/americans-are-paying-a-tragic-price-for-allowing-five-banks-to-control-the-u-s-economy/
JPMorgan Chase announced it won’t be making any further home equity loans after two days prior announcing that it is raising its borrowing standards for new home mortgages by requiring a credit score of 700 or higher and a 20 percent down payment. So let that sink in for a minute. JPMorgan is currently paying dividends of 90 cents per share per quarter on just over 3 billion shares for an annual payout of $10.98 billion to its shareholders but it can’t find the cash to make home equity loans to the 22 million Americans who have lost their jobs over the past month.