Underwriting

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OCC: Banks Tighten Underwriting in Most Lending Categories 

Jun 12, 2008By

Underwriting standards tightened dramatically through the end of March 2008 at national banks, the Office of the Comptroller of the Currency said Thursday. An annual survey of underwriting practices conducted by the bank regulator found that the March 2007 – March 2008 period represented the first period of credit tightening after four consecutive years of easing standards.

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