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October 4, 2007
Banks Continue to Lower Underwriting Standards
The OCC today released survey results showing that banks continue to "ease" underwriting standards. This survey deals with commercial and retail loans, rather than consumer loans or mortgage loans, but it still seems like this is a trend in the wrong direction.
Link to survey announcement: http://www.occ.gov/ftp/release/2007-108.htm
(ag) Oct. 4, 2007, in Lending Practices
October 4, 2007 in Lending Issues | Permalink
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