U.S. banks took on more credit risk with both retail and commercial loan products through easing of underwriting standards over the past three years, warns the OCC. The Office of the Comptroller of the Currency’s “2015 Annual Survey of Credit Underwriting Practices” covered loans totaling $5.1 trillion, about 94% of all loans in the federal banking system. For third straight year, banks eased underwriting standards Striking a warning tone, the OCC report cautions that banks have loosened underwriting standards for the third year in a row, reaching levels that are now similar to the 2005-7 period before the financial crisis…
U.S. Banks Underwriting Standards At Pre-Crisis Levels: OCC
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports