by Calculated Risk on 3/12/2008 03:34:00 PM

Talk about tighter lending standards! From The Canadian Press: Borrowing requirements tightening and changing regularly in U.S.

Tom Kelly, a spokesman for JPMorgan Chase & Co. said within the past eight months, Chase has focused on combined loan-to-value ratio (CLTV), documentation and credit scores to improve loan quality, and raised minimum requirements for each. Chase also no longer offers 100 per cent CLTV loans anywhere, with restrictions as tight as a maximum 65 per cent CLTV in Nevada because of rising delinquencies.

Hmmm. Why not just sell the loans to Freddie and Fannie? Both are still accepting higher CLTV loans.

See Tanta's post this morning: Freddie Mac Jumbo-Conforming Guidelines