Publications:
2008 Survey of Credit Underwriting Practices
June 2008
Tables: Retail Lending Portfolios
Affordable Housing Lending
Thirty-one of the banks in the survey were reported to have made affordable housing loans.
Changes in Underwriting Standards in Affordable Housing Loan
Portfolios
(Percent of Responses)
|
Eased |
Unchanged |
Tightened |
|
2000 |
10
|
84
|
6
|
|
2001 |
6
|
88
|
6
|
|
2002 |
3
|
91
|
6
|
|
2003 |
3
|
88
|
9
|
|
2004 |
6
|
86
|
8
|
|
2005 |
15
|
76
|
9
|
|
2006 |
3
|
97
|
0
|
|
2007 |
6
|
88
|
6
|
|
2008 |
3
|
74
|
23
|
Changes in the Level of Credit Risk in Affordable Housing Loan
Portfolios
(Percent of Responses)
|
Declined Significantly |
Declined Somewhat |
Unchanged |
Increased Somewhat |
Increased Significantly |
|
2000 |
0
|
6
|
83
|
11
|
0
|
|
2001 |
2
|
2
|
88
|
8
|
0
|
|
2002 |
0
|
6
|
73
|
21
|
0
|
|
2003 |
0
|
9
|
76
|
15
|
0
|
|
2004 |
0
|
9
|
82
|
9
|
0
|
|
2005 |
0
|
6
|
79
|
15
|
0
|
|
2006 |
0
|
3
|
86
|
11
|
0
|
|
2007 |
0
|
0
|
88
|
12
|
0
|
|
2008 |
0
|
0
|
58
|
35
|
6
|
|
Future 12 Months |
0
|
0
|
48
|
48
|
3
|
Credit Card Lending
Seventeen of the banks in the survey banks were engaged in credit card lending.
Changes in Underwriting Standards in Credit Card Loan Portfolios
(Percent of Responses)
|
Eased |
Unchanged |
Tightened |
|
2000 |
9
|
75
|
16
|
|
2001 |
16
|
60
|
24
|
|
2002 |
12
|
66
|
22
|
|
2003 |
19
|
62
|
19
|
|
2004 |
18
|
61
|
21
|
|
2005 |
7
|
74
|
19
|
|
2006 |
19
|
56
|
25
|
|
2007 |
16
|
79
|
5
|
|
2008 |
18
|
47
|
35
|
Changes in the Level of Credit Risk in Credit Card Loan Portfolios
(Percent of Responses)
|
Declined Significantly |
Declined Somewhat |
Unchanged |
Increased Somewhat |
Increased Significantly |
|
2000 |
0
|
16
|
66
|
16
|
2
|
|
2001 |
8
|
5
|
57
|
27
|
3
|
|
2002 |
0
|
6
|
54
|
31
|
9
|
|
2003 |
0
|
22
|
48
|
30
|
0
|
|
2004 |
0
|
11
|
61
|
25
|
3
|
|
2005 |
0
|
15
|
67
|
18
|
0
|
|
2006 |
0
|
0
|
56
|
44
|
0
|
|
2007 |
0
|
11
|
63
|
26
|
0
|
|
2008 |
0
|
0
|
35
|
65
|
0
|
|
Future 12 Months |
0
|
0
|
29
|
71
|
0
|
Other Direct Consumer Lending
Thirty-two of the banks in the survey were engaged in direct consumer lending.
Changes in Underwriting Standards in Other Direct Consumer Loan
Portfolios
(Percent of Responses)
|
Eased |
Unchanged |
Tightened |
|
2000 |
10
|
78
|
12
|
|
2001 |
7
|
73
|
20
|
|
2002 |
2
|
67
|
31
|
|
2003 |
8
|
68
|
24
|
|
2004 |
3
|
86
|
11
|
|
2005 |
6
|
82
|
12
|
|
2006 |
3
|
91
|
6
|
|
2007 |
8
|
87
|
5
|
|
2008 |
6
|
72
|
22
|
Changes in the Level of Credit Risk in Other Direct Consumer Loan
Portfolios
(Percent of Responses)
|
Declined Significantly |
Declined Somewhat |
Unchanged |
Increased Somewhat |
Increased Significantly |
|
2000 |
0
|
9
|
74
|
15
|
2
|
|
2001 |
0
|
7
|
71
|
20
|
2
|
|
2002 |
2
|
6
|
67
|
25
|
0
|
|
2003 |
2
|
17
|
72
|
7
|
2
|
|
2004 |
2
|
13
|
78
|
7
|
0
|
|
2005 |
0
|
8
|
82
|
10
|
0
|
|
2006 |
0
|
3
|
88
|
9
|
0
|
|
2007 |
0
|
3
|
87
|
10
|
0
|
|
2008 |
0
|
3
|
59
|
38
|
0
|
|
Future 12 Months |
0
|
0
|
50
|
50
|
0
|
Home Equity — Conventional Lending
Fifty-two of the banks in the survey offered the conventional home equity lending product.
Changes in Underwriting Standards in Home Equity — Conventional
Loan Portfolios
(Percent of Responses)
|
Eased |
Unchanged |
Tightened |
|
2000 |
23
|
64
|
13
|
|
2001 |
7
|
70
|
23
|
|
2002 |
0
|
74
|
26
|
|
2003 |
18
|
63
|
19
|
|
2004 |
13
|
77
|
10
|
|
2005 |
27
|
62
|
11
|
|
2006 |
34
|
64
|
2
|
|
2007 |
19
|
65
|
16
|
|
2008 |
2
|
46
|
52
|
Changes in the Level of Credit Risk in Home Equity — Conventional
Loan Portfolios
(Percent of Responses)
|
Declined Significantly |
Declined Somewhat |
Unchanged |
Increased Somewhat |
Increased Significantly |
|
2000 |
0
|
5
|
73
|
20
|
2
|
|
2001 |
0
|
11
|
74
|
13
|
2
|
|
2002 |
0
|
7
|
71
|
22
|
0
|
|
2003 |
4
|
4
|
69
|
23
|
0
|
|
2004 |
0
|
6
|
79
|
13
|
2
|
|
2005 |
0
|
7
|
78
|
15
|
0
|
|
2006 |
0
|
0
|
69
|
29
|
2
|
|
2007 |
0
|
0
|
63
|
34
|
3
|
|
2008 |
0
|
0
|
29
|
52
|
19
|
|
Future 12 Months |
0
|
0
|
23
|
71
|
6
|
Home Equity — High LTV Lending
Eighteen of the banks in the survey offered the high LTV home equity lending product.
Changes in Underwriting Standards in Home Equity — High LTV Loan
Portfolios
(Percent of Responses)
|
Eased |
Unchanged |
Tightened |
|
2000 |
21
|
55
|
24
|
|
2001 |
11
|
54
|
35
|
|
2002 |
0
|
56
|
44
|
|
2003 |
7
|
68
|
25
|
|
2004 |
18
|
71
|
11
|
|
2005 |
24
|
56
|
20
|
|
2006 |
37
|
63
|
0
|
|
2007 |
22
|
61
|
17
|
|
2008 |
6
|
6
|
89
|
Changes in the Level of Credit Risk in Home Equity — High LTV Loan
Portfolios
(Percent of Responses)
|
Declined Significantly |
Declined Somewhat |
Unchanged |
Increased Somewhat |
Increased Significantly |
|
2000 |
0
|
13
|
58
|
24
|
5
|
|
2001 |
5
|
11
|
62
|
16
|
6
|
|
2002 |
0
|
12
|
40
|
44
|
4
|
|
2003 |
0
|
11
|
50
|
36
|
3
|
|
2004 |
0
|
18
|
61
|
18
|
3
|
|
2005 |
0
|
4
|
72
|
24
|
0
|
|
2006 |
0
|
0
|
63
|
37
|
0
|
|
2007 |
0
|
6
|
39
|
55
|
0
|
|
2008 |
0
|
0
|
0
|
56
|
44
|
|
Future 12 Months |
0
|
0
|
17
|
67
|
17
|
Indirect Consumer Lending
Twenty-five of the banks in the survey were engaged in indirect consumer lending.
Changes in Underwriting Standards in Indirect Consumer Loan
Portfolios
(Percent of Responses)
|
Eased |
Unchanged |
Tightened |
|
2000 |
7
|
60
|
33
|
|
2001 |
7
|
63
|
30
|
|
2002 |
0
|
72
|
28
|
|
2003 |
5
|
65
|
30
|
|
2004 |
11
|
60
|
29
|
|
2005 |
25
|
61
|
14
|
|
2006 |
35
|
52
|
13
|
|
2007 |
16
|
75
|
9
|
|
2008 |
20
|
56
|
24
|
Changes in the Level of Credit Risk in Indirect Consumer Loan
Portfolios
(Percent of Responses)
|
Declined Significantly |
Declined Somewhat |
Unchanged |
Increased Somewhat |
Increased Significantly |
|
2000 |
7
|
16
|
55
|
22
|
0
|
|
2001 |
2
|
21
|
39
|
33
|
5
|
|
2002 |
3
|
13
|
38
|
43
|
3
|
|
2003 |
5
|
20
|
47
|
28
|
0
|
|
2004 |
0
|
26
|
60
|
14
|
0
|
|
2005 |
3
|
19
|
67
|
8
|
3
|
|
2006 |
6
|
10
|
48
|
36
|
0
|
|
2007 |
0
|
3
|
87
|
10
|
0
|
|
2008 |
0
|
4
|
36
|
60
|
0
|
|
Future 12 Months |
0
|
8
|
16
|
76
|
0
|
Residential Real Estate Lending
Fifty-five of the banks in the survey were engaged in residential real estate lending.
Changes in Underwriting Standards in Residential Real Estate Loan
Portfolios
(Percent of Responses)
|
Eased |
Unchanged |
Tightened |
|
2000 |
7
|
85
|
8
|
|
2001 |
12
|
72
|
16
|
|
2002 |
4
|
83
|
13
|
|
2003 |
2
|
86
|
12
|
|
2004 |
7
|
86
|
7
|
|
2005 |
22
|
73
|
5
|
|
2006 |
26
|
69
|
5
|
|
2007 |
19
|
67
|
14
|
|
2008 |
0
|
44
|
56
|
Changes in the Level of Credit Risk in Residential Real Estate
Loan Portfolios
(Percent of Responses)
|
Declined Significantly |
Declined Somewhat |
Unchanged |
Increased Somewhat |
Increased Significantly |
|
2000 |
0
|
3
|
83
|
12
|
2
|
|
2001 |
0
|
9
|
76
|
15
|
0
|
|
2002 |
0
|
8
|
68
|
24
|
0
|
|
2003 |
0
|
12
|
74
|
12
|
2
|
|
2004 |
0
|
6
|
92
|
2
|
0
|
|
2005 |
0
|
3
|
73
|
24
|
0
|
|
2006 |
0
|
7
|
69
|
24
|
0
|
|
2007 |
2
|
6
|
59
|
33
|
0
|
|
2008 |
2
|
0
|
38
|
55
|
5
|
|
Future 12 Months |
0
|
4
|
33
|
62
|
2
|
Part II: Graphs and Tables
Graphs
Tables: Commercial Lending Porfolios
|
