P4321

Talk Me Down From the Wells Fargo Ledge

Its very simple. You can't compare loan portfolios of banks (eg. commercial mtg, construction, HELOC, etc) the way you have. They are just not apples to apples. Assessing them accurately is dependent on determining what each bank risk and credit policies have guided the facilities within each portfolio. For example, a portfolio of $10B in construction loans at bank ABC could be completely different than bank XYZ due to bank's different lending guidelines. WF is probably the most conservative big bank when it comes to LTV, cost approach, lending out of footprint and loan structure to name a few. Do some more homework and you'll find that once you dig in you'll feel good about backing off the ledge.