CRA ‘Outstanding’ Ratings Drop in First Half of Year
July 22, 2002
Regulatory ratings of institutions’ compliance with the Community Reinvestment Act remained on the high side even as the percentage of banks and thrifts rated “outstanding” dramatically declined, according to Inside Mortgage Compliance’s analysis of CRA ratings during the first half of 2002. More than 98 percent of institutions examined since the beginning of the year received either outstanding or satisfactory ratings, with 90 percent getting the second best rating.