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Tuesday 31 January 2023 Dublin: 8°C

# Great Irish Sell Off

All time
# mortgage sale
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.
# Great Irish Sell Off
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
# Sold
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.
# Great Irish Sell Off
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.
# Vulture funds
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
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.
# political battle
'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.
# fire sale
'It's not fair': Fianna Fáil poised to block PTSB loan sale to 'unregulated' vulture funds
The bank, which is 75% owned by the State, plans to sell off a loan book worth €4 billion.
# fire sale
'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.
# Great Irish Sell Off
'Farmers are at their wit's end': Losing your land, home and income at the hands of vulture funds
The IFA says if vulture funds come after farmers they’ll have to get to them through them first.
# Great Irish Sell Off
'Out of the blue, we got a letter to say our loans had been sold to a vulture fund'
Housing has become the biggest issue for hundreds of thousands of people in Ireland.