Always tough to guess underwriting policies from outside the building but I think that increasingly good, integrated IT systems and faster decision loops is causing some banks to try to get cozier with some customers than previously.
-
Show this thread
-
One of the reasons the FICO/credit report system works is that banks want to know what your total exposure is and, historically, they wanted to avoid having it concentrated on them. This limits damage from a strategic default in event of a "bust out" situation.
2 replies 1 retweet 6 likesShow this thread -
Replying to @patio11
this feels like a selective account of FICO, or second-order
1 reply 0 retweets 0 likes
Replying to @gasnerpants
I think I could talk one’s ears off for days on that subject but sadly Twitter not a great venue for it and don’t have as much time as I’d like today.
6:56 PM - 6 Jun 2019
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.