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Monday 11 December 2023 Dublin: 10°C

# Mortgage Arrears

All time
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.
Honohan: Banks threatened repossession in 62 per cent of 'sustainable solutions'
The Governor of the Central Bank Patrick Honohan told the Oireachtas Finance Committee that ‘it was notable, though perhaps not surprising’ that banks have pursued this option.
Anti-eviction activists vow to protect Kanturk family home
The group of about 100 people stopped the O’Sullivan family from being evicted from their Cork house yesterday.
'You were in bed with the banks!': The Dáil has had its first row of the new term
Fianna Fáil and Fine Gael clashed in the chamber today.
LIVE: Ulster Bank chief Jim Brown faces Finance Committee
TDs and Senators are grilling the bankers on mortgage arrears and other issues this week. It’s Ulster Bank’s turn this afternoon.
'It's like being in a maze': FG TD tells BOI chief he is not facilitating committee
Bank of Ireland chief executive Richie Boucher frustrated TDs at the Oireachtas Finance Committee today
AIB says 4% of its total mortgage holders are in 'strategic default'
CEO David Duffy told an Oireachtas Finance Committee that 20 per cent of customers in mortgage default have the ability to pay but have chosen not to.
Mortgage arrears crisis the 'defining issue of our time'
The Financial Services Ombudsman says the banks have to “get up to speed” on the crisis.
TDs and Senators coming back next week to grill bankers over mortgage arrears
TDs and Senators on the Oireachtas Finance Committee will grill the heads of the main Irish banks next week.
Permanent TSB tells customer in arrears of €200 to sell her house
The woman’s case was reviewed recently as she has been on an interest-only payment plan for around three years.
1,600 people waiting to see MABS advisors
The average waiting time for a MABS appointment is 4.4 weeks but this figure varies wildly across the country.
Column: Austerity isn't working – so what alternatives exist for October's Budget?
Despite the growing number of voices criticising austerity as a method to meet deficit targets, the government has indicated there is more to come. This situation can’t continue, writes Rory Hearne.
New law removes legal gap preventing house repossessions
Financial advice group New Beginnings says that new law was inevitable but new insolvency rules should protect debtors.
Borrowers may be able to leave tracker mortgage when rates increase
The new Code of Conduct for Mortgage Arrears will allow borrowers to move to a variable rate instead of repossession.
This graph shows how bad the mortgage arrears crisis is
The amount of money owed to financial institutions has risen 275 per cent in 42 months.
Almost 95,000 mortgage holders are in arrears
Some 27 per cent of buy-to-let loans worth €8.4 billion were over 90 days past due at the end of 2012 according to the Central Bank’s latest review.
Column: Tenants shouldn't pay the price for landlords struggling with mortgage repayments
There’s a crisis in the buy-to-let sector due to landlords falling into mortgage arrears and innocent tenants are getting caught in the chaos. Receivers have to realise people renting properties are not commodities, writes Bod Jordan.
Debt advice service sees people trying to cope 'breaking down in tears'
New Beginning have organised free, debt advice seminars across Ireland.
Revenue to waive tax on sale of properties for owners in arrears
The ruling will allow for banks to come to a new arrangement with mortgage holders to write off some of their debt without incurring extra charges.
Mortgage holders in arrears are older and more likely to have children - report
A survey conducted by MABS indicated that over 36 per cent of mortgage clients were unemployed.
IMF: Bank losses and IBRC wind-down could cost taxpayer another €16bn
The IMF says NAMA may need to be compensated if it pays more than the market price for IBRC assets.
IMF: European help, progress on mortgages crucial to exit from bailout
The IMF’s latest quarterly review of Ireland’s progress says progress on dealing with mortgage arrears is a make-or-break.
Junior Minister admits banks have 'hoodwinked' the government
The Dáil debated a Fianna Fáil-proposed private members’ motion on the mortgage arrears crisis tonight but it was easily defeated by the government’s majority.
AIB recorded pre-tax loss of €3.8 billion in 2012
AIB’s chief executive David Duffy – who the report shows was paid €546,000 last year – said that assisting mortgage customers in difficulty would be a “major priority for this year”.
Permanent TSB records €922 million loss for 2012
There’s some good news, though: losses on loan write-offs are down by over half a billion euro when compared to 2011.
Revenue assures that mortgage write-offs won't be subject to tax
The Revenue Commissioners says it considers a mortgage write-down to be a commercial act and not a ‘gift’ for tax purposes.
FF publishes bill to remove bank veto from insolvency regime
Fianna Fáil’s legislation would also create an independent Mortgage Resolution Office with the power to make binding orders.
Mortgage write-offs 'could be subject to 33pc tax'
An accountants’ body says it believes any debts written off a person’s mortgage could be subject to Capital Gains Tax.
Bruton: No 'global strategy' for telling homes how to make deals with banks
Not everyone will be told to quit premium TV or private health insurance – but families will need to make sacrifices.
Popes, parades and Gay Mitchell : The week in numbers
How long is the Patrick’s Day parade in Dublin? And how many years has it been since there was a pope from outside Europe?
Noonan: Claim about strategic mortgage defaulters is 'wholly anecdotal'
The Finance Minister has dismissed a claim that as many as 35 per cent of mortgage arrears cases in Ireland are a result of strategic default where a borrower chooses not to pay their mortgage.
Leaders' Questions: Concerns over banks' role in mortgage arrears plan
Micheál Martin also questioned the Government about home repossessions following comments by Matthew Elderfield.
David Hall: Mortgage arrears plan is a 'horrific step for mortgage holders'
Hall also said that it was facts and statistics that showed progress on the issue, “not fiction and not spin”.
Government outlines plan to tackle mortgage arrears
Minister for Finance, Michael Noonan, said that targets will be set for banks with regard to these mortgages, which will be monitored.
Banks 'do not have a veto' to block insolvency deals, insists Kenny
Enda Kenny denies that the personal insolvency legislation gives banks the chance to totally block any debt relief.
Kenny defends Government's stance on dealing with mortgage arrears
Micheál Martin suggests that the government is only now dealing with the problem because of the Meath East by-election.
Michael Noonan to reveal the plan to tackle mortgage arrears
Taoiseach Enda Kenny said the government will make a statement this week about what will be done to help people who have fallen behind on repayments.
Doherty condemns AIB use of non-disclosure agreement for mortgage deals
Buy-to-let borrowers signing the agreement are requested not to disclose any details of negotiations with the bank, including the fact that they are happening.