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Sunday 10 December 2023 Dublin: 10°C

# Mortgage Arrears

All time
Here's What Happened Today: Tuesday
Everyone’s talking about Ireland beating the Black Ferns, Israeli boycott protests, and what Bernie Ecclestone has done…
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
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.
The Briefcase: Tax havens, a €100 million deal for Quinn's companies, and a Wetherspoons fry-up
This was the week in business.
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.
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.
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.
'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, 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.
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.
'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.
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.
Irish mortgage arrears tracked by Fitch are higher than ever
A new report from Fitch also says that price rises in Dublin are fleeting.
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.
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?
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.
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.
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.
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…
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.
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.
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.
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.
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.
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.
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.
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.
€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.
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”.
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.
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.
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.
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.
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.
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.