Tight Standards Squeezing Borrowers Out, Says OCC

04 Dec 2012

Tighter lending standards are squeezing potential borrowers out of the housing market, according to Thomas Curry, the Comptroller of the Currency.

Tighter lending standards are squeezing potential borrowers out of the housing market, according to Thomas Curry, the Comptroller of the Currency. Curry stressed that he was not urging banks to loosen standards but that there is a critical need to “understand precisely what the barriers are to accessing ...

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