Tuesday, February 24, 2009
Forensic Underwriting – when is ‘enough’ too much?
The hardening of credit criteria in Ireland is only one facet of the restrictive flow of lending, another is the increasing evidence we are seeing of 'forensic underwriting' where lenders are looking deeper and deeper into applications before giving approvals. While prudent lending is to be championed, going too far is not. The article talks about some of the factors involved.