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Monday 11 December 2023 Dublin: 8°C

# Mortgage Arrears

All time
Finance Minister 'disappointed' banks haven't dealt with personal debt
New mortgage figures show that 94,488 mortgage accounts are in arrears of more than three months.
AIB commits to working out deals for mortgage holders in arrears
The bank said today it has built up a staff of 300 people dedicated to supporting customers in difficulty.
Personal insolvency agency to open 'early in the summer' - Taoiseach
Enda Kenny told the Dáil that he was not happy with the banks’ level of resolution of cases where customers are in mortgage arrears.
New insolvency regime may not help troubled mortgage holders - Troika
The Troika has raised concerns about the effectiveness of the new personal insolvency law that is aimed at helping the country’s many distressed mortgage holders.
Here is the week's news...skewed
Breaking via The Mire wire: Kerry priest tells children there is no God; Government pledge to help homeowners become homeless; Craig Doyle = why?
First vote on Local Property Tax Bill passes in Dáil
After a walk through vote the Bill was passed and will now move on to its second reading.
Mortgage arrears problem continues to grow
Over 135,628 mortgage accounts are in arrears (of either more or less than 90 days).
Department of Finance head: Debt should be written off for those who really can't pay
John Moran tells the Irish Bankers’ Federation that merely not calling in debts won’t cut it – they need to be removed totally.
One in 5 mortgages will default by 2013
County by county survey shows that there are still “substantial losses to be realised on irish residential mortgage loans”.
Column: Pretending this mortgage crisis isn't happening won't make it go away
One in ten people who have a mortgage in Ireland are struggling to pay it off. Where is the urgency in solving this epidemic, asks Noeline Blackwell.
Father of five barricades farm after eviction notice
Seamus Sherlock, ‘Life After Debt’ campaigner, said he feels like the bank is trying to ‘make an example’ of him.
Mortgage arrears could rise to 18 per cent, says report
Banks have still not recognised losses in full, says Davy Research, as it warns that mortgage arrears could rise from 13.5 per cent to as much as 18 per cent.
Internal candidate John Hogan to head Finance Dept banking policy
He will be in charge of policy for red-hot recession issues including mortgage arrears and lending to SMEs.
Shatter publishes long-awaited plans to reform insolvency law
The new regime reforms our bankruptcy laws, and aims to help the likes of struggling mortgage holders out of debt.
Government calls banks in over mortgage arrears
The bank CEOs were briefed on personal insolvency legislation, details of which have not been released to the public.
10 per cent of Irish mortgages are in arrears says Central Bank
1 in 10 mortgage holders are at least three months behind with repayments according to the new figures.
Central Bank clarifies rules on contacting borrowers in arrears
The Central Bank has outlined the appropriate rules of engagement for lenders dealing with mortgage customers who have fallen into arrears.
The Daily Fix: Friday
All the day’s main news as well as the bits and pieces that you may have missed…
There is 'no silver bullet' to address mortgage arrears, says financial regulator
Matthew Elderfield says Ireland’s mortgage arrears problem is going to get worse before it gets better.
The Daily Fix: Friday
In the Fix tonight: Eircom Studyhub hacked; unvouched expenses; and Chris O’Dowd v Miss Piggy…
Government's new debt regime may allow mortgage debt to be written off
The cabinet has approved a draft Bill allowing debts to be written off outside of court, while bankruptcy rules are also changed.
AIB to sign up to government's 'mortgage to rent' scheme
State-controlled AIB will participate in the Keane Report’s suggestion allowing struggling mortgage holders to rent their homes.
Central Bank unveils stronger consumer protection code
The new code, which comes into effect in January, is billed as the most significant upgrade of consumer protection since 2006.
Poll: If you were/are in mortgage arrears would you be in favour of renting your home?
Following the recommendations of a report published yesterday on mortgage arrears, we’re asking for your say on the suggestion that the state takes ownership and rents the house back to its former owners.
Keane report on mortgages to be published
The Taoiseach has reaffirmed that there will be no blanket write-off for mortgage holders in arrears.
Negative equity should not mean debt forgiveness - Rabbitte
The communications minister says “blanket debt forgiveness” is not an option, but that banks should write off loans where there’s a genuine inability to pay.
Mortgage defaults 'could cost banks up to €10bn' - FF
Michael McGrath believes the ‘worst case scenario’ that went into the stress tests is now a reality – and it’s going to get worse.
Central Bank to review how banks handle 'distressed' mortgage holders
Governor Patrick Honohan told Oireachtas committee that Central Bank checking that institutions are following its code in tackling mortgage arrears: “They are behind the curve”.
One in 14 mortgages in 90 days' arrears
Pressure grows for a general debt amnesty as new Central Bank figures show 7.2 per cent of mortgages to be in arrears.
Burton calls on banks to do more for struggling mortgage holders
The Minister for Social Protection said that banks and mortgage institutions were not doing enough for people in financial difficulty.
Column: Self-employed people are the recession’s real victims
Families are on the breadline simply because the government’s policy is unfair, writes Brendan Dempsey.
Massive increase in number of people seeking advice over debt in past three years
The Free Legal Advice Centre says there has been a 400 per cent increase in debt queries in the last three years with a 45 per cent rise in the last year alone.
Poll: Should banks write off unpaid mortgage debt?
AIB has said debt forgiveness may be an option for troubled mortgage holders; but Bank of Ireland says it’s not. What do you think?
Poll: Should the state and banks be made to pay for reckless lending?
Ads placed in tomorrow’s papers will look for homeowners to take part in a landmark ‘reckless lending’ case. Do you think it’s fair to expect the state and the banks to pay?
Wanted: Unhappy homeowners to sue the state, banks and the financial regulators
Ads in tomorrow’s newspapers will seek unhappy homeowners to join in a landmark ‘reckless lending’ legal action.