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Friday 4 December 2020
Tens of thousands of people are still feeling the effects of the mortgage crisis ten years later.
The US Financial Crisis Inquiry Commission has said that the credit crash “could not have happened without the rating agencies”.
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?
“It was like someone had a gun to my head. I was crying on the steps of the bank.”
Proposals to reduce the term of bankruptcy from three years to one are being considered with new measures to be announced in April.
A draft copy of the committee’s report on mortgage arrears seen by TheJournal.ie contains strong words for the Central Bank.
The Department of Finance has begun to publish monthly reports on mortgage restructuring.
Central Bank Governor Patrick Honohan faced the Oireachtas Finance Committe today, we picked the best three clips from today’s exchanges…
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.
Patrick Honohan has been called to appear before the Oireachtas Finance Committee after it emerged thousands of legal letters being sent by banks could be classified as ‘sustainable mortgage solutions’.
Members of the Oireachtas Finance Committee took exception to Jim Brown’s repeated assertion this afternoon that “there is a cost to living in a home”.
Mortgage arrears of over 90 days have fallen quarter-on-quarter for the first time since June 2008 at Ulster Bank, but the bank’s chief executive warned customers not to ignore their problems.
Richie Boucher said that it ‘was not for him’ to say why people weren’t paying their mortgages, but encouraged those in difficulty to engage with the bank.
David Duffy says that the bank will be getting tough on home owners in arrears.
Homeowners who are three months or more behind on their payments owe financial institutions €1.8 billion.
The amount of money owed to financial institutions has risen 275 per cent in 42 months.
The IMF says NAMA may need to be compensated if it pays more than the market price for IBRC assets.
The IMF’s latest quarterly review of Ireland’s progress says progress on dealing with mortgage arrears is a make-or-break.
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.
The Revenue Commissioners says it considers a mortgage write-down to be a commercial act and not a ‘gift’ for tax purposes.
An accountants’ body says it believes any debts written off a person’s mortgage could be subject to Capital Gains Tax.
Not everyone will be told to quit premium TV or private health insurance – but families will need to make sacrifices.
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.
The failings of Government to take simple steps to help mortgage holders has caused further damage – and the Insolvency Bill is by no means our saviour, writes David Hall.
Roisin Shortall’s resignation dominated the news this week – which may be a relief for some in Government.
Figures revealed for the first time show that 38 per cent of mortgage applications were rejected last year.
Aggressive banks are making mortgage resolution impossible, writes David Hall of New Beginning – and suggests a way to restore trust between lenders and borrowers.
Mortgage holders will give up their properties and become tenants under the programme designed to help people in debt.
State-owned financial institution should be forced to reduce its “punitive” mortgage rate, Dáil hears.
James McKay told TheJournal.ie how he cannot meet his mortgage payments because his bank is not cooperating.
RESTAURANTS AND GASTROPUBS are allowed to reopen across the country from today.
Ireland entered Level 3 restrictions earlier this week after spending six weeks at Level 5.
Non-essential shops and services have reopened, cultural institutions like cinemas and museums are back open and from today, you can once again dine in a restaurant.
So, today we want to know: Do you plan on going to a restaurant/gastropub this weekend?
Poll Results:
Share your story: voices@thejournal.ie
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