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#Arrears

# arrears - Saturday 18 February, 2012

Prime numbers: the week in stats

Greek MPs, Irish jobs, German cable ties, and all the other news from the week in handy numerical format…

# arrears - Friday 17 February, 2012

Poll: Have you fallen behind on your mortgage repayments? Your Say This post contains a poll

Poll: Have you fallen behind on your mortgage repayments?

Figures from the Central Bank show that more and more mortgages are falling behind on repayments. Is yours among them?

The average Irish mortgage is now €1,453 in arrears

Figures produced by the Central Bank show that 9.2 per cent of all mortgages are in arrears of 90 days or more.

# arrears - Saturday 4 February, 2012

The 9 at 9: Saturday

Every morning, TheJournal.ie brings you the nine stories you need to know before your morning coffee…

# arrears - Tuesday 10 January, 2012

Rate of energy disconnections fell last year

But service providers have been reminded to adhere to communication guidelines when contacting customers in arrears – with some providers being accused of “effectively harassing” bill-payers.

# arrears - Thursday 22 December, 2011

The 5 at 5: Thursday

5 minutes, 5 stories, 5 o’clock…

1 in 10 Irish mortgages are in arrears

At the same time, one-fifth of all mortgage holders are believed to be having difficulties in meeting mortgage repayments.

# arrears - Friday 18 November, 2011

More than 100,000 households now in mortgage difficulties

New figures from the Central Bank show the number of mortgages in arrears has risen significantly.

# arrears - Wednesday 9 November, 2011

# arrears - Tuesday 25 October, 2011

Pre-paid electricity meters rolled out for customers in arrears

The new pre-payment meters are aimed at those who are in arrears and having trouble paying their gas or electricity bills.

# arrears - Wednesday 19 October, 2011

The 9 at 9: Wednesday 9 At 9 This post contains videos

The 9 at 9: Wednesday

Nine things to know this morning…

# arrears - Friday 14 October, 2011

The 9 at 9: Friday

Nine things to know this morning…

# arrears - Monday 5 September, 2011

Negative equity should not mean debt forgiveness - Rabbitte

The communications minister says “blanket debt forgiveness” is not an option, but that banks should write off loans where there’s a genuine inability to pay.

# arrears - Tuesday 30 August, 2011

Govt rules out blanket debt forgiveness - but Noonan says banks can write off mortgages

The Department of Finance says there’s no “one-size-fits-all” solution – but the Minister says banks can afford to absorb some losses.

# arrears - Wednesday 10 August, 2011

BoI signals eventual increase in mortgage interest rates

Richie Boucher says his bank can’t keep absorbing ECB hikes – and that it’ll have to pass on any future increases.

Bank of Ireland losses narrow to €723m

So far in 2011, Ireland’s only domestic lender outside State control has almost halved its pre-tax losses.

# arrears - Tuesday 2 August, 2011

Businesses now taking even longer to pay their bills - survey

If you’ve issued an invoice to a construction company in Waterford, you might be waiting a while for payment…

# arrears - Monday 20 June, 2011

Electricity companies to be alerted if new customers are in arrears

The Commission for Energy Regulation says the new moves will stop customers from running up massive energy debts.

# arrears - Wednesday 15 June, 2011

Jump in Irish mortgage arrears - Moody's

Some 60,000 homeowners are now three or more months behind on their repayments.

# arrears - Friday 13 May, 2011

The 9 at 9: Friday

Nine things you need to know by 9am: No debt forgiveness for struggling homeowners; NAMA gives a painting to the state (but holds onto an entire collection), and we know it hurts but – is childbirth really a “murderous” experience?

# arrears - Thursday 5 May, 2011

The 9 at 9: Thursday

Nine things you need to know by 9am: Taoiseach offers finder’s fee for job creation; Obama’s Croke Park gig is called off; Duck! A Potentially Hazardous Object heads for earth…sort of.

# arrears - Wednesday 4 May, 2011

The 9 at 9: Wednesday

Nine things you really need to know by 9am: Noonan promises good news in today’s Exchequer figures; two barmen go on trial for the manslaughter of a customer who drank himself to death and why using the word ‘pet’ is insulting to your family moggy, er, animal companion.

# arrears - Wednesday 19 January, 2011

Banks called on to share mortgage arrears code in all branches

The Legal Advice Centre has said that banks should make more widely available new regulations concerning mortgage holders that fall behind on repayments.

# arrears - Tuesday 7 December, 2010

9 at 9: Tuesday

Nine things you really, really need to know this morning: Lenihan announces Budget 2011 today; WikiLeaks founder due in UK court later; and guess which TDs have the worst Dáil attendance record?

# arrears - Wednesday 20 October, 2010

More than one in three local authority loans are in arrears

Meanwhile, data shows average national house prices are back at 2002 levels.

# arrears - Friday 15 October, 2010

Protection for tracker mortgages holders in arrears

Financial Regulator announces new customer protection proposals which include preventing lenders from forcing tracker mortgage holders to switch.

# arrears - Thursday 2 September, 2010

Homeowners in arrears up by almost a third

The number of households now in mortgage arrears has risen by almost 40% in the past year.

# arrears - Friday 13 August, 2010

THE CENTRAL Bank and Financial Regulator have published a report proposing methods to help people who are experiencing financial problems during the recession.

Read the report.

The paper outlines possible new regulations for dealing with those who are in mortgage arrears.

Under the proposed rules:

  • Banks and building societies would (still) have to wait 12 months before applying for a home repossession, if the person in arrears is cooperating
  • If homeowners sign up to a new repayment arrangement, the 12-month period would start only when they fall into arrears under the new scheme
  • Information must be provided to borrowers in clear English when they go into arrears
  • Lenders would have to wait for the outcome of any complaint or appeals process before applying for repossession of a home
  • Lenders would be required to explore “all viable options” and alternative repayment measures with homeowner
  • Lenders would be stopped from forcing people to switch from a tracker mortgage to another type of mortgage
  • Lenders would be required to set up an appeals process for homeowners
  • Lenders would be required to have in place a Mortgage Arrears Resolution Process (MARP) as a framework for handling arrears and pre-arrears cases

The Mortgage Arrears and Personal Debt Expert Group, who put together the proposals, are seeking feedback from any interested parties. It asks that all suggestions be made by 3 September.

Find more information on the Financial Regulator‘s website, or email suggestions (which you would not mind being published publicly) to: code@financialregulator.ie.