It gets even more funny if you have armor with a tabard. You don't even have to ride. The front tabard sticks through your back and the cape sticks through your front. I guess the same guy that designed GF and GWF also was responsible for the cloth physics in the game. ;) I wonder why they keep such a broken physics engine…
Got the same issue since the last patch all the time. It takes from 10 minutes to forever (i.e. can't login a character at all) to load into Protector's Enclave. But seems no one at Cryptic cares.