US DATA: OCC Annual Survey of Credit Underwriting Practices “shows
that underwriting standards remained largely unchanged from last year,
although some easing was noted in select commercial and retail products.
Banks continued to react to changing economic conditions, competition,
and ongoing portfolio risk. Examiners reported banks that eased
standards generally did so in response to changes in economic outlook,
competitive environment, and the bank’s risk appetite including a desire
for growth. Large banks, as a group, reported the highest share of eased
underwriting standards. Loan portfolios that experienced the most
underwriting easing included indirect consumer, credit cards, large
corporate, asset-based lending, and leveraged loans. Loan portfolios
that experienced the most underwriting tightening included high
loan-to-value home equity, international, construction, and residential
real estate loans.” See http://www.occ.gov/publications/publications-by-
type/survey-credit-underwriting-practices-report/pub-survey-cred-under-
2012.pdf