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Thursday 30 March 2023 Dublin: 14°C

# Mortgage Arrears

All time
# Arrears
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.
# Abhaile
Government scheme to help families in mortgage distress 'fails 70% who turn to it'
Just 30% of those who engaged with Abhaile’s financial advice have a solution in place or are on track for one.
# Vulture funds
Almost 7,000 loans in arrears held by 'unregulated loan owners'
Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.
# Mortgage Arrears
It took 9 consecutive questions for bank execs to admit €1.3bn mortgage 'vehicle' won't pay tax
Last week the bank confirmed it was transferring more than 6,000 home loans into a special purpose vehicle.
# 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.
# factcheck
FactCheck: Has the number of cases taken by banks over arrears halved in two years?
Brendan Burgess claims there is “no tsunami” of arrears cases now.
# Mortgage Arrears
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.
# Mortgage crisis
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.
# Debt
Storm Emma caused higher levels of mortgage arrears as customers missed in-branch payments
The number of accounts in arrears over 720 days has fallen but these cases still account for 41% of all accounts in arrears.
# Mortgage Arrears
'This is a human crisis': David Hall believes 17,000 families will have homes repossessed
Hall told the Finance Committee that a narrative has been fostered that people in long-term arrears are “messers”.
# Mortgage Arrears
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.
# Mortgage Arrears
'They're for the chop': High Court Master says 'wave of repossessions' on the horizon
Master Honohan asked if it’s a “sick joke” that people writing to the Taoiseach were told to seek help from Abhaile.
# New Laws
High Court Master writes new legislation to help keep people in their homes
The bill would give greater powers to the government’s Abhaile scheme and provide stronger protections for people who are in debt.
# 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.
# i live here now
'I was in mortgage arrears - so I sold my possessions and became a reluctant landlord'
Veronica Dyas explores her experience, and the situation with housing in Ireland, in her latest play.
# mortgage to rent
Government scheme to help keep people in their homes has only completed 282 cases since 2012
Fianna Fáil’s Michael McGrath described the numbers as “pitifully low”.
# Your Say
Poll: Should the State relax free legal aid rules to cover more arrears cases?
More than 30,000 accounts have been in arrears for more than two years.
# Scandal
It gets worse: Central Bank forces lenders to admit 13,600 more tracker victims overcharged
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.
# gaffs
10% of all residential mortgages in Ireland are in arrears
The number of mortgages behind on payments has dropped since the depths of the recession.
# Your Say
Poll: Should Ireland have a separate court to deal with mortgage arrears cases?
Ten percent of home mortgage accounts in this country are in arrears.
# Debt
'I'm not going anywhere': Lay litigants in uphill battle against banks and vulture funds
There are calls for the Legal Aid Board to relax its merits test so more families in debt can access professional representation.
# dear leo
High Court Master lashes KBC and tells father in arrears to write to Taoiseach
Edmund Honohan: ‘What kind of a way is that for a bank to approach its customers?’
# Housing Crisis
Warning for borrowers in arrears: Don't let fear get in the way of saving your home
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.
# Arrears
Twink told a newspaper her debt-ridden home was for sale, but barristers couldn't find it listed
The bank claims it it is owed about €250,000.
# factcheck
FactCheck: Is Fine Gael right to claim the credit for a fall in mortgages in arrears?
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?
# wake up call
Many people in mortgage arrears are contemplating suicide
A new survey explores the impact debt has on people’s mental health.
# Not happening
It's 'not possible or appropriate' to adjourn all repossession cases
Thomas Byrne hoped the courts might halt all repossession cases in light of the government’s planned reforms.
# Veto
Big plan to help mortgage holders 'won't have the banks quaking in their boots'
The government has announced a raft of new measures to help people struggling to pay their mortgages.
# State of the Nation
In mortgage arrears? Here's how the government plans to help
Here’s everything you need to know about what’s happening in Irish politics right now…
# Social Housing
Peter McVerry says he'd be embarrassed if he was Alan Kelly
The campaigner is not impressed by the government’s housing plans.
# Mortgage crisis
Thousands of homeowners are drowning in debt - this is one of their stories
“It was like someone had a gun to my head. I was crying on the steps of the bank.”
# Bad Loans
Irish sub-prime mortgage arrears are going through the roof
Loans from so-called sub-prime lenders are four times more likely to be in arrears than those from the mainstream banks
# shots fired
Enda pledges action on mortgage crisis (and calls Fianna Fáil 'arsonists')
Proposals to reduce the term of bankruptcy from three years to one are being considered with new measures to be announced in April.
Voices
Opinion: Despite talk of an improving economy, worrying mortgage arrears on family homes persist
Will the State will put the interests of its people above commercial and provide us with strong consumer protection standards?
# going under
The number of homeowners who are years behind on their loans is still going up
Banks have been accused of only helping the ‘low-hanging fruit’ of people who are a few months overdue.
# Arrears
Almost 400 AIB repossessions stopped in last year
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.
# Mortgage Arrears Crisis
Worried about losing your home? These guides are for you
The guides cover both the Circuit and High courts.
# debt problem
Ireland has a €12.5 billion problem mortgage mountain to climb
The headline number of arrears has fallen, but ultra long term problem loans continue to climb.
# no end in sight
There's still no solution for over 70% of problem mortgages
New figures from the Department of Finance also show that Buy to Let loans are still struggling.
# News Fix
Here's What Happened Today: Tuesday
Everyone’s talking about Ireland beating the Black Ferns, Israeli boycott protests, and what Bernie Ecclestone has done…