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I agree with the sentiment. Most bad things with banks don't happen because of x-coll, but the x-coll is a big barrier to the problem being fixed.

I've seen loans with all of the big 4 have conditions be dictated to the borrowers for no reason other than the banks risk management, all in cases of large portfolios with a single bank. In most cases I expect the portfolios would have been cross collateralized to some degree. This is also...

I am personally aware of several instances where a lender demanded funds be used to reduce loans simply for the purpose of the lenders risk mitigation (had nothing to do with servicing limits). The loans weren't called in, but on several occasions when borrowers have sold a property, the lender...

You mean at assessment rate! 7.25%, major pain in the neck.

Hi Brady, I certainly don't think you're doing a bad job, in fact I think you do an excellent job! Your views on things like x-coll, loan structuring, responsible lending have been the same as mine in numerous discussions. I completely agree with your assessment of the two loans that...

Brady what happens when you client runs out of serviceability with the one lender, or runs afoul of that lenders risk tollerance? Your employer is certainly a good lender, but there's lots of things they won't do and the serviceability is good, but nowhere near the most generous. I have a...