#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
Dublin: -1°C Friday 4 December 2020

#Mortgage crisis

# mortgage-crisis - Friday 7 September, 2018

343 homes repossessed over mortgage arrears during second quarter of 2018

Tens of thousands of people are still feeling the effects of the mortgage crisis ten years later.

# mortgage-crisis - Saturday 14 January, 2017

Ratings agency Moody's to pay €812 million fine in reparation for the mortgage crisis

The US Financial Crisis Inquiry Commission has said that the credit crash “could not have happened without the rating agencies”.

# mortgage-crisis - Wednesday 23 November, 2016

FactCheck: Is Fine Gael right to claim the credit for a fall in mortgages in arrears?

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?

# mortgage-crisis - Sunday 19 April, 2015

Thousands of homeowners are drowning in debt - this is one of their stories

“It was like someone had a gun to my head. I was crying on the steps of the bank.”

# mortgage-crisis - Tuesday 10 March, 2015

Enda pledges action on mortgage crisis (and calls Fianna Fáil 'arsonists')

Proposals to reduce the term of bankruptcy from three years to one are being considered with new measures to be announced in April.

# mortgage-crisis - 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 contains strong words for the Central Bank.

# mortgage-crisis - 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.

# mortgage-crisis - Wednesday 25 September, 2013

Watch: 'Phoney concepts' and 'haystacks' - 3 clips from today's finance committee

Central Bank Governor Patrick Honohan faced the Oireachtas Finance Committe today, we picked the best three clips from today’s exchanges…

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.

Central Bank Governor faces questions over banks’ legal letters and Anglo Tapes

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’.

# mortgage-crisis - Wednesday 4 September, 2013

Ulster Bank CEO: ‘It costs money to live in a house’… TDs: ‘We know’…

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-crisis - Friday 2 August, 2013

Ulster Bank has lost €387 million so far this year

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.

Bank of Ireland loses €504 million in the first six months of 2013

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.

AIB chief says that 20 per cent of those in mortgage arrears are 'strategic defaulters'

David Duffy says that the bank will be getting tough on home owners in arrears.

# mortgage-crisis - Friday 21 June, 2013

95,000 Irish homes are in mortgage arrears over 90 days

Homeowners who are three months or more behind on their payments owe financial institutions €1.8 billion.

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.

# mortgage-crisis - Monday 8 April, 2013

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.

# mortgage-crisis - Wednesday 3 April, 2013

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.

# mortgage-crisis - Wednesday 27 March, 2013

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.

# mortgage-crisis - Tuesday 26 March, 2013

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.

# mortgage-crisis - Monday 25 March, 2013

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.

# mortgage-crisis - Sunday 24 March, 2013

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.

# mortgage-crisis - Tuesday 12 March, 2013

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.

# mortgage-crisis - Friday 7 December, 2012

Column: Four years of crisis, and still no clear deal on mortgage debt

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.

# mortgage-crisis - Saturday 29 September, 2012

Aaron McKenna: How we all missed the week’s biggest story

Roisin Shortall’s resignation dominated the news this week – which may be a relief for some in Government.

# mortgage-crisis - Thursday 13 September, 2012

One in three people who apply for mortgages are turned down

Figures revealed for the first time show that 38 per cent of mortgage applications were rejected last year.

# mortgage-crisis - Thursday 24 May, 2012

Column: The mortgage crisis is stoked by mistrust. Here’s how we might fix it.

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-crisis - Tuesday 7 February, 2012

First mortgage-to-rent scheme for homeowners piloted

Mortgage holders will give up their properties and become tenants under the programme designed to help people in debt.

# mortgage-crisis - Thursday 19 January, 2012

Permanent TSB charging "subprime" and "usury" variable rate - O Cuiv

State-owned financial institution should be forced to reduce its “punitive” mortgage rate, Dáil hears.

# mortgage-crisis - Monday 24 October, 2011

Column: I’ve got two young children, and I could soon lose my house

James McKay told how he cannot meet his mortgage payments because his bank is not cooperating.