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OCC Survey Finds Signs of Looser Loan Standards

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While loan standards overall remain tight, there are signs they are beginning to loosen, according to a report issued by the Office of the Comptroller of the Currency.

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Survey

The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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