I came across a really interesting article the other day on how Chase is going to stop lending. I know a year back they stopped doing student loans, but I couldn’t find any additional information recently about them getting out of the home mortgage industry.
The Chase website still has all the information about refinances and mortgages, so I was really curious to see if this is true.
The post was on a website called the National Real Estate Post – and it talks about bad lending practices and what recently led to the sub-prime mortgage industry collapse.
Being a real estate appraiser, I have completed appraisals for Chase in the past, but after a number of low paying appraisal management companies started sending out their work, I have not done any additional work for them for years.
I am really curious if they have completely got out of home lending and what the affect will be on the real estate industry.
Bryan Knowlton is one of the leading appraisers in the area as well as a highly requested speaker, author, consultant and more.