MNY is also my largest holding thanks mainly to buying in at...

MNY is also my largest holding thanks mainly to buying in at 37c.
I have reduced my holding recently for the very same reason, concerns over possible sharp contraction in the economy due to a potential housing market collapse.
I believe Australian is on the brink of a potential recession caused by the side effects of a significant fall in house prices, the signs are all there you just have to look at the stats. In won't be in the next 6 months but 2019 could be nasty, especially if a global event happens elsewhere.
The fact that MNY borrowers don't have mortgages is largely irrelevent, they will still default if they lose their jobs & it's the people at lower end who can't afford mortgages who are laid off first.

The second reason i reduced was also because i found an alternative investment with a greater upside. So better diversification & higher returns.

MNY is a great company & i believe will smash it's PAT guidance this year but it's not a share you want to hold a significant amount of in a recession.
If the sp breaks $2.00 in the coming months i will reduce further.