Dugan Pushes ‘Minimum’ Underwriting Standards

Office of the Comptroller of the Currency (OCC) head John Dugan urged regulators to establish minimum underwriting standards for mortgage origination.

Dugan told a group of regulators from a number of countries that mandating underwriting standards “would be the true minimums that we believe must be observed to keep lenders from risking too much loss to both themselves and their customers,” during a speech in Tokyo on international banking and finance sponsored by the Japan Financial News Company.