Post by djay on Jul 14, 2019 7:59:21 GMT
Several of FCs property loans, all of which are very "late", have comments added on 12/7. It finally looks like a change in behaviour across the board for the property loans as the comments are not the usual can kicking fluff we have seen for such loans, they appear much tougher and proactive (sorry, retroactive is more appropriate).
We have all known for a long time that these loans are defaulted in all but FC's categorisation. It appears that FC have finally awoken (or been pushed, by growing pressure) to that conclusion and are finally getting on with doing something about it.
They are still not categorising the loans as defaulted, which of course helps loanbook default figures but it's finally a step in the right direction.
We have all known for a long time that these loans are defaulted in all but FC's categorisation. It appears that FC have finally awoken (or been pushed, by growing pressure) to that conclusion and are finally getting on with doing something about it.
They are still not categorising the loans as defaulted, which of course helps loanbook default figures but it's finally a step in the right direction.