Search results

  1. Piston Broke

    NCCP Act 2009: Lenders not permitted to 'call in' loans unless borrower is in default

    Plenty of media beat up & BS there...
  2. Piston Broke

    NCCP Act 2009: Lenders not permitted to 'call in' loans unless borrower is in default

    Actually it's pure capitalism. -- Plenty people in (mainly CIP) have been asked to put up more capital and lower their LVR, that's a "marging call". Some people sort of get it even before the loan starts. The get an initial approval for 5% deposit, and then the bank finds an excuse to ask for a...
  3. Piston Broke

    NCCP Act 2009: Lenders not permitted to 'call in' loans unless borrower is in default

    It's the first point: When the value is less than the loan amount, it not satisfactory, therefore it triggers a margin call. Put up the cash or the banks repos. http://www.somersoft.com/forums/showthread.php?t=51346&highlight=margin+call
Back
Top