Slight Rise in ‘Outstanding’ CRA Ratings Ends Seven-Year Decline
August 25, 2003
The percentage of “outstanding” ratings given by Community Reinvestment Act compliance examiners to financial institutions was moderately higher at the end of June this year than at the same period last year, according to Inside Mortgage Compliance’s midyear analysis of CRA ratings. The 2.09 percentage point uptick in the share of financial institutions that got an “outstanding” in their latest CRA performance exam was due to a spike in the Federal Reserve Board’s and