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Friday 31 March 2023 Dublin: 11°C

# Lenders

All time
# Tracker Mortgage
Banks pay out €647 million to victims of tracker mortgage scandal
The number of people affected by the overcharging scandal has now risen to almost 40,000.
# dragging their heels
'History will judge this': Experts see little change in bank culture after scandals and protests
People who are working every day with customers in arrears say lenders are still refusing to cooperate in any significant way.
# Save Money
New rules making it easier to switch your mortgage kick in from today
Lenders will now have to tell customers 60 days before their fixed term ends and let them know about new rates and other options.
# Scandal
It gets worse: Central Bank forces lenders to admit 13,600 more tracker victims overcharged
We now know at least 33,700 customers were overcharged and the Central Bank said it had to “relentlessly pursue” lenders in many of these cases.
# uncertainty
The price of a 3-bed semi has dropped by €20k in one area of Dublin
The market slowed in the Dublin area in the last quarter of 2014, amid uncertainty over new Central Bank lending rules.
# Repossession
Report on repossessions wants changes, but no legislative reform
An expert group on repossessions found that case management standards of different lenders varies greatly, “with some operating at sub-optimal level”.
# New Rules
Lenders will be required to introduce a board 'diversity policy' from 2015
It’s one of several changes in a revised corporate governance code issued by the Central Bank.
# Non-disclosure
Noonan: Not all banks are using confidentiality agreements with borrowers
The controversial practice of non-disclosure deals has been highlighted in recent months and the Central Bank is currently looking for information about the practice from lenders.
Voices
Column: Government needs to impose proper rules and regulations on lenders
Comments by the Central Bank Governor and the Taoiseach reveal unhappiness over how lenders are dealing with their customers’ over-indebtedness – so why is nothing concrete being done to regulate them, asks Noeline Blackwell.
Voices
Column: Pretending this mortgage crisis isn't happening won't make it go away
One in ten people who have a mortgage in Ireland are struggling to pay it off. Where is the urgency in solving this epidemic, asks Noeline Blackwell.
Voices
Column: The mortgage crisis is stoked by mistrust. Here’s how we might fix it.
Aggressive banks are making mortgage resolution impossible, writes David Hall of New Beginning – and suggests a way to restore trust between lenders and borrowers.
# Eircom
Eircom to exit examinership in June after restructuring plan's approval
The High Court today approved the plan which sees group debts cut by 40 per cent to €2.3 billion.
# Banks
Central Bank clarifies rules on contacting borrowers in arrears
The Central Bank has outlined the appropriate rules of engagement for lenders dealing with mortgage customers who have fallen into arrears.
# Debt
Numbers seeking debt help reach highest level since crisis began
More than 50 per cent of those looking for help were families with children, new figures show.
# Mortgages
Some mortgage holders 'choosing not to pay', broker says
Karl Deeter of Irish Mortgage Brokers said some borrowers are strategically withholding payments in the hope of winning a debt deal.
# Mortgages
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.
Voices
Column: Why should bankers have the right to judge us?
People behind on mortgage payments face humiliating personal interrogation from their bankers. We need a new independent solution, writes David Hall of New Beginning.
# Mortgages
Couple's €200k mortgage write-off 'wasn't unusual' - insider
Irish mortgage lenders are secretly agreeing huge reductions when borrowers cannot repay, an industry source tells TheJournal.ie.
# Perks Outrage
Varadkar condemns AIB staff perk scheme
Fine Gael TD says AIB “still thinks it’s in the Celtic tiger-era.”
# Mortgage Rates
AIB raises mortgage rates - again
Bank joins growing list of lenders which have raised rates at least twice this year.