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Wednesday 8 February 2023 Dublin: 5°C

# Mortgage crisis

All time
# Mortgage crisis
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.
# Footing the bill
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”.
# factcheck
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
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.”
# shots fired
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.
# Not good enough
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.
# Mortgage crisis
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.
# Finance committee
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…
# Mortgage crisis
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.
# Mortgage crisis
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’.
# Finance committee
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”.
# Ulster Bank
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
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
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
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.
# Mortgage Arrears
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.
# IMF
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.
# make or break
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 Arrears
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.
# Mortgages
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
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 Arrears
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
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.
Voices
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.
Voices
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.
# No Joy
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.
Voices
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 Debt
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 Debt
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.
Voices
Column: I’ve got two young children, and I could soon lose my house
James McKay told TheJournal.ie how he cannot meet his mortgage payments because his bank is not cooperating.