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JPMorgan Chase, in yet another move to de-risk its residential mortgage exposure, is suspending the taking of new applications for home equity lines of credit.

In a statement, the megabank called the change “temporary,” citing “economic uncertainty” caused by the coronavirus.

According to figures compiled by Inside Mortgage Finance, the money center bank ranked fourth in HELOC commitments last year.

JPM, which last week hiked its FICO minimums on warehouse loans to 700, is encouraging existing mortgage customers to engage in a cash-out refi if they need money.

“Cash-out is preferred by our customers and this will allow for us to streamline the work for our employees, by focusing on one equity product,” said a bank spokeswoman.