Asking if they were a high risk lender was tongue-in-check.
It just proves my point that after a 'crash' you dont need to be 'bulletproof' just prove you are sufficiently capable of servicing a certain level of debt. In fact with buyer activity at record lows and mortgage applications also low, they are very keen to lend to people with good credit and income streams and reasonable amounts of deposit. They have to try and maintain new lending otherwise their future income stream will start to shrink, and we know what that would likely do to their business and share price.
They will reduce higher risk lending and/or increase rates to account for the higher risk but they will still be keen to lend.
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Asking if they were a high risk lender was tongue-in-check. It...
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