The Governor of the Central Bank Patrick Honohan told the Oireachtas Finance Committee that ‘it was notable, though perhaps not surprising’ that banks have pursued this option.
Despite the growing number of voices criticising austerity as a method to meet deficit targets, the government has indicated there is more to come. This situation can’t continue, writes Rory Hearne.
There’s a crisis in the buy-to-let sector due to landlords falling into mortgage arrears and innocent tenants are getting caught in the chaos. Receivers have to realise people renting properties are not commodities, writes Bod Jordan.
The Dáil debated a Fianna Fáil-proposed private members’ motion on the mortgage arrears crisis tonight but it was easily defeated by the government’s majority.
AIB’s chief executive David Duffy – who the report shows was paid €546,000 last year – said that assisting mortgage customers in difficulty would be a “major priority for this year”.
The Finance Minister has dismissed a claim that as many as 35 per cent of mortgage arrears cases in Ireland are a result of strategic default where a borrower chooses not to pay their mortgage.
Buy-to-let borrowers signing the agreement are requested not to disclose any details of negotiations with the bank, including the fact that they are happening.
AS LOCKDOWN ROLLS on and people get out and about more there has been commentary recently about what local amenity measures should be put in place heading into Spring and Summer.
Dublin City Council said last week that it continues to experience “unprecedented and extraordinary” levels of illegal dumping since the start of the coronavirus pandemic.
Writing for TheJournal.ie today, Rory McNab has spoken about his experience cleaning up litter during the pandemic.
“Spurred on by the sort of geographical Stockholm syndrome engendered by travel restrictions and a noticeable increase in the volume of rubbish appearing in the canal – particularly disposable masks and coffee cups – I pledged to take action.”
Meanwhile, Fine Gael Senator Regina Doherty recently hit out at the “phenomenal” amount of dog faeces in Irish villages.
As Level 5 continues and as we face into brighter days outside, we want to know: Have you noticed more litter in your area during lockdown?
Areas of low clouds and fog, then sun
Max: 10 °C
Min: 4 °C
Patchy low clouds and fog
Max: 10 °C
Min: 3 °C
