JPMorgan Mulls Return to FHA-Backed Loans After Era of Fines (1)

JPMorgan Chase & Co. may jump back into a U.S. mortgage program that helps low-income Americans buy homes, mulling a return years after most banks pulled back from the business in frustration over billions of dollars in penalties.

The New York-based bank is deciding whether to offer more loans insured by the Federal Housing Administration, a program that insures more than $1.2 trillion in U.S. mortgage debt, according to people familiar with the matter.

Promises by President Donald Trump’s administration to make it easier for lenders to avoid fines for mistakes in underwriting are prompting JPMorgan executives to ...