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#Mortgage Arrears

# mortgage-arrears - Wednesday 16 July, 2014

Warning over interest-only mortgage time bomb

Almost half of interest-only mortgages will switch to higher payments over the coming months, prompting concerns about mass arrears

# mortgage-arrears - Saturday 12 July, 2014

Opinion: Reluctance to repossess homes just drags out the misery for those in serious debt

Politicians are bemoaning the fact that older people might now have to carry debt onto their pension books – but that’s the risk of re-mortgaging.

# mortgage-arrears - Friday 11 July, 2014

# mortgage-arrears - Thursday 10 July, 2014

Long-term arrears would take 33 years to clear at current rate

Progress in solving mortgage arrears is slow, with industry experts criticising the solutions deployed.

# mortgage-arrears - Wednesday 9 July, 2014

Tenants "caught in crossfire" between landlords in arrears, and banks

Tenants have to pay rent to the receiver – but the receiver doesn’t have to carry out repairs or maintain standards.

We could be repaying our mortgages into retirement - the verdict on the arrears crisis

The Finance Committee’s report on mortgage arrears is in – here’s what they say.

# mortgage-arrears - Tuesday 8 July, 2014

Finance Committee tells Central Bank: legal letters to crisis mortgages aren't 'sustainable'

A draft copy of the committee’s report on mortgage arrears seen by TheJournal.ie contains strong words for the Central Bank.

# mortgage-arrears - Saturday 28 June, 2014

'The entire system is rubbish': Just 40 houses bought through mortgage-to-rent scheme

David Hall, Director of the Irish Mortgage Holders’ Organisation, said it is “sickening” that it’s cheaper for banks to repossess a house than it is to participate in the scheme.

# mortgage-arrears - Wednesday 18 June, 2014

Mortgage arrears, the bailout and unemployment - who'd be a leaving cert economics student?

Some of the questions on the paper wouldn’t have been out of place in a third level exam, one expert said.

# mortgage-arrears - Thursday 5 June, 2014

Here's how many houses the banks have repossessed so far this year

New data from the Central Bank also show mortgage arrears declining, although long term problems remain.

# mortgage-arrears - Wednesday 4 June, 2014

'The shortest bankruptcy in the world' - IMHO agrees three month debt deal with banks

The mortgage holder’s advocate has struck a deal with two major banks and hopes more will follow.

# mortgage-arrears - Wednesday 21 May, 2014

PTSB has reduced problem mortgages to one-tenth of peak levels

The bank has urged struggling customers to get in touch, with the prospect of legal action also on the table.

# mortgage-arrears - Thursday 15 May, 2014

Irish mortgage arrears tracked by Fitch are higher than ever

A new report from Fitch also says that price rises in Dublin are fleeting.

# mortgage-arrears - Tuesday 6 May, 2014

Over 37,000 hits this year for website with advice on how to keep your home

KeepingYourHome.ie has seen almost a quarter of a million visits since it was set up.

# mortgage-arrears - Wednesday 30 April, 2014

Children using sunbeds, the new broadcasting charge and HSE grants

It’s the first day back in the Dáil after the Easter break, so what’s happening?

# mortgage-arrears - Monday 21 April, 2014

Buy to let landlords problems affecting family homes - Threshold

Threshold wants tenants to have the same rights and remedies as mortgage holders, pushing for a code of conduct in dealing with receiverships.

# mortgage-arrears - Thursday 10 April, 2014

Richie Boucher defends €843,000 pay, says BOI is 'comfortable'

Bank of Ireland officials told the finance committee that they would veto any suggestion of debt write-down made by a Personal Insolvency Practitioner.

# mortgage-arrears - Wednesday 9 April, 2014

AIB explains why its home repossessions tripled last year

The bank is currently engaged in 9,000 legal or potential legal cases with customers in mortgage arrears.

Up to one in five PTSB customers in mortgage arrears are not engaging with the bank

Officials from Permanent TSB told the Oireachtas finance committee that 85 per cent of customers offered a split-mortgage had agreed to the deal.

What are AIB and Permanent TSB doing to help people in mortgage arrears?

Everything happening in Leinster House today.

# mortgage-arrears - Tuesday 8 April, 2014

Enda Kenny: 'Of course' Flannery and Kerins should appear before the PAC

The Taoiseach added that he believed charities should not pay their CEOs to lobby the government.

Capital punishment, fining criminals and how to stop wasting water

What’s going on in Leinster House? Well, as you asked…

# mortgage-arrears - Thursday 3 April, 2014

Just four mortgage deals have been completed by the Insolvency Service

66 people have been made bankrupt in 2014 so far, more than all of last year.

# mortgage-arrears - Wednesday 19 March, 2014

News of 100 mortgage write-downs shows crisis 'akin to Russian roulette'

“One bank’s sustainable solution could be another bank’s unsustainable mortgage leading to repossession proceedings,” Fianna Fáil’s Michael McGrath said today.

# mortgage-arrears - Thursday 13 March, 2014

From 'Mighty Mouse' to 'Church Mouse': Dara Calleary on Enda Kenny's week

The Fianna Fáil TD said the Taoiseach’s ‘army of spin doctors’ played up Frank Flannery’s resignation but stayed silent on Alan Shatter.

# mortgage-arrears - Saturday 1 March, 2014

Column: Fears surrounding the IBRC mortgage book are overhyped

Some IBRC mortgage holders have concerns about about being left without protection if the Government proceeds with the sale of their loans abroad – but they shouldn’t be, writes Karl Deeter.

# mortgage-arrears - Tuesday 25 February, 2014

IBRC mortgage holders will still be protected under new deal

Concerns had been expressed about the sale of these mortgages leaving families vulnerable but bidders have agreed to sign up to the Central Bank’s code of conduct.

# mortgage-arrears - Thursday 13 February, 2014

Nearly 60,000 mortgages in long-term arrears have not been restructured

Data from the Department of Finance shows that 59,226 mortgages in arrears of 90 days plus have not been restructured, though this is down on 62,643 in September last year.

# mortgage-arrears - Monday 3 February, 2014

Over 120 AIB mortgage holders get long term solution under new initiative

The partnership deal between AIB and the IMHO has been hailed a success by the two groups.

# mortgage-arrears - Friday 31 January, 2014

Arrears, medical cards, job loss: What people sought advice for online in 2013

Advice websites run by the Citizens Information Board, such as keepingyourhome.ie and all saw an increase in traffic.

# mortgage-arrears - Thursday 23 January, 2014

€1.9 billion in outstanding debt on sub-prime mortgages in arrears

This amounts to more than half of the overall outstanding debt on these mortgages.

# mortgage-arrears - Tuesday 14 January, 2014

Report on repossessions wants changes, but no legislative reform

An expert group on repossessions found that case management standards of different lenders varies greatly, “with some operating at sub-optimal level”.

# mortgage-arrears - Thursday 9 January, 2014

Almost 50,000 mortgages have now been restructured

The Department of Finance’s latest figures shows the number of accounts in arrears has fallen since October last year.

# mortgage-arrears - Thursday 5 December, 2013

Target set by Central Bank that 75% of mortgage arrears will be dealt with by June

The banks have been told by the Central Bank that sustainable solutions should be offered to customers.

# mortgage-arrears - Friday 29 November, 2013

Banks exceeding arrears targets, but some customers have "no clarity"

The Central Bank says that there is no “tangible evidence” that some customers’ circumstances are improving.

# mortgage-arrears - Thursday 28 November, 2013

Banks brought 2,300 legal proceedings against mortgage holders in Q3

The Free Legal Advice Centre says that some of the legal solutions offered to people in mortgage distress are “inexplicable”.

Number of mortgage accounts in arrears FELL last quarter

The decrease is the first reported since the Central Bank began taking records in September 2009.

# mortgage-arrears - Wednesday 6 November, 2013

IMHO: ‘Interest only repayments are not a long-term solution to mortgage arrears’

The Irish Mortgage Holders Organisation said the new mortgage restructuring figures are concerning.

# mortgage-arrears - Tuesday 5 November, 2013

Column: We hope to ease the enormous pressure placed on mortgage holders

A new initiative spearheaded by the Irish Mortgage Holders Organisation aims to help these borrowers and others who are reluctant to engage with the banks, writes Dr Constantin Gurdgiev.

# mortgage-arrears - Thursday 31 October, 2013

Work to do on mortgage restructuring as long-term arrears remain high

The Department of Finance has begun to publish monthly reports on mortgage restructuring.