Mr. Ed Sibley:

It is purely hypothetical, but if the banks were prevented from selling, they would have the same options available to them in dealing with a loan as the non-bank purchaser. We would expect them to try to re-engage with the borrower to the extent that they could do so, work through the individual circumstances and restructure appropriately according to the individual circumstances of the borrower and work it out as much as possible. If the borrower did not engage or if the loan was simply unaffordable, he or she would end up either going through the personal insolvency or legal process. I expect the process to be followed in the same way by a bank or a non-bank, regardless of where the loan resides.