Well personally I'm with ANZ so you're saying that they are...

Well personally I'm with ANZ so you're saying that they are internal.

Would it be a way for the banks to reduce their risk to bad debt in the future if another company (such as Genworth) were the one's doing the insuring? Or perhaps not because its the bank who holds the debt.

I'd happily walk away from ANZ and go to a credit union if it weren't for the LMI.Only reason I used them is because I already had an investment loan with them. I've paid LMI once,won't be paying it again. Guess I'll have to own 20% of my property before moving to another business?

Thanks.