WBC westpac banking corporation
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2020: $14...Inverse Of $41..., page-435

  1. usc75
    7,027 Posts.
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    12/05/20
    08:49
    Post #: 44564504
    Westpac's Delusional Home Mortgage Policy!

    https://hotcopper.com.au/data/attachments/2151/2151602-7c8f4b4f7f99465cd24304e9f84c7a78.jpg
    12th May 2020: Property Prices-LVR Crash Equals WBC Balance Sheet Disaster In 2020.

    Westpac's Mortgage LVR's Of 95%, 90%, 85% Were Suicidal: For Bank & Customers, Both Over-Loaded With Debt.

    Today's ASX Ann Going Back To 80% LVR Is A "Big Deal"! Why?
    Proves There's $Billions Of Westpac Defaults On The Way, Shredding Balance Sheet Values.

    Of More Sense To WBC Shareholders Is 70% LVR For Loans In Tourism-Heavy Areas: FNQ, Cairns, Port Douglas, Palm Cove etc.

    disallowed/business/banking-and-finance/westpac-tightens-credit-for-self-employed-amid-covid-19-risks-20200511-p54rvk.html
    Last edited by usc75: 12/05/20
    WBC Price at posting: $15.63 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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$33.90 		Change
-0.670(1.94%) 		Mkt cap ! $116.0B
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$34.70 $34.85 $33.90 $153.5M 4.497M

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Price($) Vol. No.
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