Foreclosure

JPMorgan Chase: The key to preventing borrowers from defaulting on their mortgages is not what you think 

For years, the conventional wisdom in mortgage lending has been borrowers with more financial skin in the game are less likely to default on their mortgages. But new research from JPMorgan Chase suggests that borrowers putting more of their money down for a home is not actually a solid way to prevent them from defaulting on their mortgages. Put simply, borrower liquidity appears to be more important than borrower equity.