Alert July 01, 2008

OCC Releases Annual Survey of Credit Underwriting Practices

The OCC released its 14th annual Survey of Credit Underwriting Practices and reported that commercial and retail underwriting standards tightened after four consecutive years of eased underwriting standards. The survey includes examiner observations and assessments of credit underwriting standards at the 62 largest national banks and covers the 12-month period ending March 31, 2008. Click here for the survey.