In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Borrowers weren’t going to get a new mortgage without a 700 or higher credit score and at least 20% down. Instead, JPMorgan Chase said it would focus on its existing customers, primarily handling refinances.

Despite early jitters, fears of a housing market slump proved unfounded. Instead, the housing market has been a bright spot for the economy, and some experts now project $4 trillion in originations before New Years day.

Now, Manhattan-based JPMorgan Chase decided it’s time to step up residential lending and recapture some of the purchase business it’s ceded to competitors.

“In the case of home

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