Experts say 'vulture friendly' commentary from government is 'dangerous'
An Oireachtas committee yesterday heard legislation is needed to ensure banks cannot sell mortgages to vulture funds without a customer’s consent.
Your contributions will help us continue to deliver the stories that are important to you
An Oireachtas committee yesterday heard legislation is needed to ensure banks cannot sell mortgages to vulture funds without a customer’s consent.
Just 30% of those who engaged with Abhaile’s financial advice have a solution in place or are on track for one.
Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.
Last week the bank confirmed it was transferring more than 6,000 home loans into a special purpose vehicle.
The Central Bank said no sanctions have been put in place since the Code of Conduct on Mortgage Arrears commencement in 2009.
Brendan Burgess claims there is “no tsunami” of arrears cases now.
Finance Minister Paschal Donohoe said there will be no change to the code of conduct, as it is working effectively.
Tens of thousands of people are still feeling the effects of the mortgage crisis ten years later.
The number of accounts in arrears over 720 days has fallen but these cases still account for 41% of all accounts in arrears.
Hall told the Finance Committee that a narrative has been fostered that people in long-term arrears are “messers”.
The Central Bank is to review their code of conduct for how financial institutions deal with those in mortgage arrears.
Master Honohan asked if it’s a “sick joke” that people writing to the Taoiseach were told to seek help from Abhaile.
The bill would give greater powers to the government’s Abhaile scheme and provide stronger protections for people who are in debt.
The bank, which is 75% owned by the State, plans to sell off a loan book worth €4 billion.
Veronica Dyas explores her experience, and the situation with housing in Ireland, in her latest play.
Fianna Fáil’s Michael McGrath described the numbers as “pitifully low”.
More than 30,000 accounts have been in arrears for more than two years.
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.
The number of mortgages behind on payments has dropped since the depths of the recession.
Ten percent of home mortgage accounts in this country are in arrears.
There are calls for the Legal Aid Board to relax its merits test so more families in debt can access professional representation.
Edmund Honohan: ‘What kind of a way is that for a bank to approach its customers?’
Experts say anxiety and a lack of information provided to people struggling with debt can lead them to making decisions that will worsen their situation.
The bank claims it it is owed about €250,000.
Fine Gael has been on Twitter and Facebook, promoting a set of claims about its role in the fall of mortgages in arrears. Do they check out?
A new survey explores the impact debt has on people’s mental health.
Thomas Byrne hoped the courts might halt all repossession cases in light of the government’s planned reforms.
The government has announced a raft of new measures to help people struggling to pay their mortgages.
Here’s everything you need to know about what’s happening in Irish politics right now…
The campaigner is not impressed by the government’s housing plans.
“It was like someone had a gun to my head. I was crying on the steps of the bank.”
Loans from so-called sub-prime lenders are four times more likely to be in arrears than those from the mainstream banks
Proposals to reduce the term of bankruptcy from three years to one are being considered with new measures to be announced in April.
Will the State will put the interests of its people above commercial and provide us with strong consumer protection standards?
Banks have been accused of only helping the ‘low-hanging fruit’ of people who are a few months overdue.
The Irish Mortgage Holders Organisation said the scheme these agreements were made through will be expanded to run another 12 months, due to its success in the last year.
The guides cover both the Circuit and High courts.
The headline number of arrears has fallen, but ultra long term problem loans continue to climb.
New figures from the Department of Finance also show that Buy to Let loans are still struggling.
Everyone’s talking about Ireland beating the Black Ferns, Israeli boycott protests, and what Bernie Ecclestone has done…