rejection

The 1990 HMDA data make clear that credit history was the single most commonly cited reason for credit denial for whites, African Americans, and Hispanics.

Regardless of these expectations, small business and middle market loan demand remains low and credit denials are increasing.

The HMDA reports reveal that credit history problems and excessive debt levels relative to income are the reasons most frequently given for credit denials.

The geographic distribution of the institution's credit extensions, credit applications, and credit denials

Thus, anecdotal evidence of credit denials is hardly evidence of a credit crunch.