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#Vulture funds
# vulture-funds - Thursday 19 March, 2020
So-called vulture funds and non-bank lenders to allow three-month mortgage break over Covid-19 outbreak
The Central Bank said this evening that there was no impediment to providing the three-month payment breaks.
# vulture-funds - Tuesday 2 July, 2019
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.
# vulture-funds - Tuesday 21 May, 2019
Taoiseach asks for details about letters sent to mortgage-holders demanding full payment of arrears within 30 days
Taoiseach has said it is now time for to review the tax treatment of vulture funds.
# vulture-funds - Friday 19 April, 2019
Taoiseach says he didn’t realise his mortgage could be sold on by his bank when he took it out in 2003
In an interview with TheJournal.ie this week, the Taoiseach said he understood the intent behind Sinn Féin’s No Consent No Sale Bill.
# vulture-funds - Saturday 13 April, 2019
Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days
The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.
# vulture-funds - Tuesday 9 April, 2019
'Cuckoo funds' shutting out first-time buyers and operating tax-free need urgent review, says FF
Corporate investors known as so-called ‘cuckoo funds’ have spent over €1.1 billion on nearly 3,000 residential properties in Ireland last year
# vulture-funds - Wednesday 3 April, 2019
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.
'The banks are dictating what happens': TDs say government relying on 'constitution' card to block vulture funds Bill
Officials were quizzed about their assertions the Bill is unconstitutional and would result in higher mortgage interest rates.
# vulture-funds - Tuesday 2 April, 2019
Central Bank to scrap code of conduct for banks on the transfer of mortgages as it's 'not relevant'
Sinn Féin’s No Consent, No Sale Bill aims to puts the code on a statutory footing.
# vulture-funds - Wednesday 27 March, 2019
UN says Ireland applies 'preferential tax laws' to vultures funds and it 'cannot continue'
The report states that “landlords have become faceless corporations wreaking havoc with tenants”.
# vulture-funds - Saturday 23 March, 2019
High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds
Edmund Honohan has said there are many similarities to be drawn with the Apple case being taken.
# vulture-funds - Sunday 3 March, 2019
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.
# vulture-funds - Thursday 31 January, 2019
Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil
The Bill puts into law what already exists at the moment as a voluntary Central Bank code
# vulture-funds - Thursday 24 January, 2019
Opinion: Sound the alarm - a proposed EU directive on bad loans will give vulture funds a free rein
A proposed new EU Directive aims to develop a secondary market for non-performing loans and poses a serious threat to the rights of borrowers and consumers, writes Matt Carthy.
# vulture-funds - Friday 11 January, 2019
'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin
Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.
# vulture-funds - Thursday 20 December, 2018
Almost 7,000 loans in arrears held by 'unregulated loan owners'
Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.
# vulture-funds - Tuesday 11 December, 2018
Taoiseach vows to close loophole that allows €1.3bn mortgage 'vehicle' not to pay tax
Last week, PTSB bank bosses confirmed that the ‘special purpose vehicle’ which more than 6,000 of its mortgages have been transferred to will be exempt from tax.
# vulture-funds - Tuesday 13 November, 2018
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.
# vulture-funds - Friday 7 September, 2018
343 homes repossessed over mortgage arrears during second quarter of 2018
Tens of thousands of people are still feeling the effects of the mortgage crisis ten years later.
# vulture-funds - Thursday 6 September, 2018
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.
# vulture-funds - Tuesday 4 September, 2018
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.
# vulture-funds - Saturday 18 August, 2018
'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
# vulture-funds - Tuesday 14 August, 2018
'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales
Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.
# vulture-funds - Monday 6 August, 2018
Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'
In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.
# vulture-funds - Tuesday 31 July, 2018
PTSB sells thousands of home loan mortgages to vulture fund
A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.
# vulture-funds - Thursday 10 May, 2018
A 'difficult decision': Ulster Bank confirms it will sell 6,500 mortgages in arrears
Around 3,600 of the mortgages are private dwellings that have fallen in arrears.
# vulture-funds - Wednesday 25 April, 2018
'There's power in community': Farmers urged to boycott forced sales of farms by vulture funds
The IFA has been contacted by around 200 farmers impacted by the issue so far this year.
# vulture-funds - Thursday 15 March, 2018
'It's a gagging order': Department tells councillors not to discuss private planning applications
Councillors have said the direction from the Department of Housing is an attempt to undermine local democracy.
# vulture-funds - Monday 12 March, 2018
'Landlord said it was none of his business': Tenants left 'in limbo' after vulture funds buy property
Housing charity Threshold says numerous renters had contacted it over problems with vulture funds and receivers.
# vulture-funds - Friday 9 March, 2018
Grafton Street branch of PTSB occupied by anti-vulture fund demonstrators
The protesters accuse the bank of putting the lives of people in almost 20,000 households in jeopardy.
# vulture-funds - Tuesday 6 March, 2018
Taking on vulture funds and using State lands: How the opposition is trying to fix Ireland's housing situation
The utilisation of State land for affordable rental properties and the regulation of vulture funds is to be debated in the Dáil.
# vulture-funds - Tuesday 27 February, 2018
Protesters deliver a coffin to the door of PTSB, as government agrees to regulate vulture funds
The Central Bank is to review their code of conduct for how financial institutions deal with those in mortgage arrears.
# vulture-funds - Saturday 24 February, 2018
PTSB chief refuses to appear before Finance Committee next week over loan sale
The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.
Dealing with a vulture fund - how these families have coped
With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.
# vulture-funds - Friday 23 February, 2018
Mortgages sell-off will disrupt already-volatile housing market, charities warn
Ulster Bank said today that it would be looking to offload around 7,000 mortgages on top of PTSB’s proposed 18,000.
# vulture-funds - Thursday 22 February, 2018
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.
# vulture-funds - Wednesday 21 February, 2018
Minister concedes homeowners who engaged with PTSB may not have deals honoured
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
# vulture-funds - Tuesday 20 February, 2018
'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off
The proposed sell-off has become the subject of a political battle in recent days.
# vulture-funds - Thursday 15 February, 2018
'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale
PTSB, which is 75% owned by the State, states it is selling off non-performing loans.
# vulture-funds - Monday 12 February, 2018
'I wouldn't want to go up against them alone': Vulture fund ramps up taking homeowners to court
Pentire Property Finance is a subsidiary of US investment giant CarVal.
Your say
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Poll: Have you curbed your water use after the hosepipe ban warnings?
EARLIER THIS WEEK, Irish Water said it is “increasingly likely” that a water conservation order would be put in place due to increased demand and a prolonged period of dry weather.
The bank holiday weekend saw dry, sunny weather with temperatures in the mid 20s. According to Met Éireann, there have been 37 dry periods in Ireland between 18 March and 20 May.
Two weeks ago, Irish Water asked households to conserve water, warning that people were using an extra 24 litres of water per person per day.
It added it is currently gathering the data “and if the current trend continues the likelihood is that a hosepipe ban will have to be imposed”.
So, what do you think? Have you curbed your water use after the hosepipe ban warnings?
Poll Results:
Yes (3399)
No (3357)
Not sure (350)
Share your story: voices@thejournal.ie
Wellness Wednesday: Worry is of no use to anyone, especially now in a time of crisis
By Trish Farrell
Counsellor Trish Farrell offers some tips to avoid worry during this time of change.
Larry Donnelly: Trump is a mess but he can still win the election because of a weak Democratic party
By Larry Donnelly - @LarryPDonnelly
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