Why JPMorgan and Bank of America Relaxed ‘Jumbo Mortgage’ Rules

http://www.thestreet.com/story/13252383/1/why-jpmorgan-and-bank-of-america-relaxed-jumbo-mortgage-rules.html

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The bank dropped its minimum credit score for would-be homeowners to 680 from 740 on “jumbo” mortgages, which are for homes typically worth more than $417,000.

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