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Wednesday 4 October 2023 Dublin: 12°C

# Mortgage Holders

This year
McGrath tells banks and vulture funds to outline supports for mortgage holders trapped with high interest rates
McGrath says it’s ‘imperative’ the banking industry demonstrates supports for borrowers.
Michael McGrath expects move by Irish banks to boost deposit rates
The Finance Minister said he expects Irish savers will soon receive positive news.
All time
Ulster Bank sells off nearly 4,000 of its customers in massive family home loan book sale
90% of the loans due to be sold are family homes – about 3,200 accounts.
Ulster Bank says it's 'unacceptable' a data breach resulted in its former customers' details being compromised
The breach resulted in names, contact information, and financial details being compromised.
PTSB boss says it has 500 vacant properties on its books
Fianna Fáil’s Michael McGrath described the figure as ‘extraordinarily high’.
Finance Minister says he wouldn't mind if his mortgage was held by a vulture fund
The minister said the Sinn Fein Bill to give mortgage holders the power to block the sale of their loans to vulture funds is unconstitutional.
Any tax loopholes used by vulture funds won't be closed down until the autumn, says Taoiseach
Last year, the Taoiseach vowed to close a loophole which allowed a €1.3 billion mortgage ‘vehicle’ from paying tax.
First-time-buyer loan scheme requires 'further tranche of funding' to continue
A first-time-buyer can apply for a home loan to purchase a new or second-hand property, or to build their own home under the scheme.
Taoiseach told that 'banks are as aggressive and as arrogant as the time of the crash'
Fianna Fáil TD John McGuinness told the Taoiseach that people are crying out for help.
Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages
Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.
PTSB transfers thousands more of its customers to vulture fund servicer
Many of the mortgage-holders sold today had engaged with the bank and reached arrangements.
No vulture fund or bank has ever been sanctioned for breaching the code of conduct
The Central Bank said no sanctions have been put in place since the Code of Conduct on Mortgage Arrears commencement in 2009.
Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review
Finance Minister Paschal Donohoe said there will be no change to the code of conduct, as it is working effectively.
Number affected by tracker mortgage scandal rises - it's now over 38,000
The Central Bank governor says a review of the scandal raises serious concerns about current Irish banking culture.
Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale
Last month, PTSB sold its controversial Project Glas loan portfolio to an affiliate of the so-called vulture fund Lone Star for around €1.3 billion.
Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused
Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.
How many mortgage holders were taken to the High Court by banks so far this year?
The numbers are down on recent years but there still has been almost 300 cases initiated in the High Court.
Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'
Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.
There's some 'good news' for Ulster Bank mortgage holders in arrears
Those who qualify for social housing can sell their homes and not be pursued for the outstanding debt.
10,000 Irish homeowners need protection against 'vulture funds'
Fianna Fáil’s Finance Spokesperson Michael McGrath has said the issue needs to be dealt with in 2015.
‘Considerable protections already apply to people who are in mortgage difficulties’
Despite Fergus O’Dowd’s criticism of the Fianna Fáil’s bill, the government will not oppose its passage.
Column: How to navigate your personal insolvency
The Personal Insolvency Service is due to come into effect in the coming weeks, so what do you need to know about making an application? Stephen Curtis lets you know.
Eurozone inflation hits new low, raising prospect of ECB rate cut
The governing council of the European Central Bank meets on Thursday where it could provide a fresh boost to mortgage holders.
Column: Miracle on O’Connell St – what the Clerys rescue says about Ireland
An institution was saved – which just goes to show how badly Irish homeowners are being treated in comparison, writes Arthur Doohan.
Lenders following arrears guidelines from Keane Report, says Central Bank
The Central Bank says commercial banks are bringing forward new proposals to assist people in mortgage difficulty.
The Daily Fix: Friday
Your essential evening round-up of the day’s biggest news, plus the bits and pieces you may have missed.
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.
Proposed legislation would allow judges to refuse home repossessions
Independent TD Stephen Donnelly says he expects his Family Home Protection Bill to be defeated in the Dáil but he hopes it can influence the personal insolvency legislation published by the government last week.
ECB holds main eurozone interest rate at 1 per cent
The decision follows two successive months of cutting the bank’s main interest rate which was a welcome boost for mortgage holders.
Column: I’ve got two young children, and I could soon lose my house
James McKay told how he cannot meet his mortgage payments because his bank is not cooperating.
Noonan: Mortgage measures will help families 'break shackles' of debt
The finance minister has defended proposals in the government’s Keane report on mortgage debt.
Report rules out blanket debt forgiveness on mortgages
Under proposals contained in the report, struggling homeowners would give up their houses but be allowed to rent them back from State bodies or local authorities.
Mortgage holders braced for ECB interest rate hike
A hike of 0.25 per cent is expected – bad news for those with tracker and standard variable rate mortgages.
Rate hike for EBS mortgage customers
The Standard Variable Rate is going up by a quarter of one per cent from 1 August.
Increase in residential mortgage arrears and repossessions last year
Overall, 5.7 per cent of home mortages were in arrears at the end of 2010 and 101 homes were repossessed in the final quarter of last year alone.
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.