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#Mortgages

# mortgages - Thursday 17 May, 2018

Many mortgage rates are being cut - but the sector needs 'careful monitoring'
# Bubble Bubble
# Bubble Bubble

Many mortgage rates are being cut - but the sector needs 'careful monitoring'

May 17th 2018, 6:10 AM 15,102 Views 10 Comments

Incomes are not rising to match lending.

# mortgages - Thursday 10 May, 2018

A 'difficult decision': Ulster Bank confirms it will sell 6,500 mortgages in arrears
# Sell Off
# Sell Off

A 'difficult decision': Ulster Bank confirms it will sell 6,500 mortgages in arrears

May 10th 2018, 8:47 PM 21,926 Views 83 Comments

Around 3,600 of the mortgages are private dwellings that have fallen in arrears.

RBS, which owns Ulster Bank, agrees to pay €4.1 billion fine
# Us Mortgage Crisis
# Us Mortgage Crisis

RBS, which owns Ulster Bank, agrees to pay €4.1 billion fine

May 10th 2018, 8:07 AM 12,070 Views 13 Comments

The bank has been fined by the US Justice Department over its role in the subprime mortgage crisis.

# mortgages - Monday 9 April, 2018

How many mortgage holders have banks taken to court so far this year?
# The Banks
# The Banks

How many mortgage holders have banks taken to court so far this year?

Apr 9th 2018, 12:05 AM 42,502 Views 70 Comments

We take a dive into the figures available for the cases brought against homeowners in the courts over the past few years.

# mortgages - Wednesday 4 April, 2018

Interest-only mortgages in the spotlight but lender says it has 'no concerns'
# Buy To Rent
# Buy To Rent

Interest-only mortgages in the spotlight but lender says it has 'no concerns'

Apr 4th 2018, 1:24 PM 20,035 Views 47 Comments

Fianna Fáil has called for the products to be looked at.

# mortgages - Monday 26 March, 2018

A three-bed semi-detached house now costs an average of €229,111
# Property Ladder
# Property Ladder

A three-bed semi-detached house now costs an average of €229,111

Mar 26th 2018, 12:15 PM 54,200 Views 93 Comments

The highest increases in prices to date in 2018 have occurred in towns.

# mortgages - Thursday 22 March, 2018

Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds
# Vultures
# Vultures

Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds

Mar 22nd 2018, 1:41 PM 20,962 Views 101 Comments

Executives blamed the European regulator for the classification of these loans as non-performing.

# mortgages - Saturday 24 February, 2018

PTSB chief refuses to appear before Finance Committee next week over loan sale
# Vulture Funds
# Vulture Funds

PTSB chief refuses to appear before Finance Committee next week over loan sale

Feb 24th 2018, 7:35 AM 16,970 Views 58 Comments

The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.

Dealing with a vulture fund - how these families have coped
# Vultures
# Vultures

Dealing with a vulture fund - how these families have coped

Feb 24th 2018, 12:05 AM 42,882 Views 159 Comments

With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.

# mortgages - Friday 23 February, 2018

Mortgages sell-off will disrupt already-volatile housing market, charities warn
# Vulture Fears
# Vulture Fears

Mortgages sell-off will disrupt already-volatile housing market, charities warn

Feb 23rd 2018, 3:11 PM 27,362 Views 211 Comments

Ulster Bank said today that it would be looking to offload around 7,000 mortgages on top of PTSB’s proposed 18,000.

# mortgages - Thursday 22 February, 2018

Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'
# Vulture Funds
# Vulture Funds

Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'

Feb 22nd 2018, 4:02 PM 18,572 Views 88 Comments

Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.

# mortgages - Wednesday 21 February, 2018

Minister concedes homeowners who engaged with PTSB may not have deals honoured
# Vulture Funds
# Vulture Funds

Minister concedes homeowners who engaged with PTSB may not have deals honoured

Feb 21st 2018, 3:44 PM 23,655 Views 122 Comments

PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.

'They're for the chop': High Court Master says 'wave of repossessions' on the horizon
# Mortgage Arrears
# Mortgage Arrears

'They're for the chop': High Court Master says 'wave of repossessions' on the horizon

Feb 21st 2018, 9:08 AM 42,893 Views 117 Comments

Master Honohan asked if it’s a “sick joke” that people writing to the Taoiseach were told to seek help from Abhaile.

# mortgages - Monday 19 February, 2018

'It's not fair': Fianna Fáil poised to block PTSB loan sale to 'unregulated' vulture funds
# Fire Sale
# Fire Sale

'It's not fair': Fianna Fáil poised to block PTSB loan sale to 'unregulated' vulture funds

Feb 19th 2018, 9:18 AM 25,261 Views 116 Comments

The bank, which is 75% owned by the State, plans to sell off a loan book worth €4 billion.

# mortgages - Monday 12 February, 2018

'I wouldn't want to go up against them alone': Vulture fund ramps up taking homeowners to court
# Pentire
# Pentire

'I wouldn't want to go up against them alone': Vulture fund ramps up taking homeowners to court

Feb 12th 2018, 12:05 AM 34,613 Views 114 Comments

Pentire Property Finance is a subsidiary of US investment giant CarVal.

# mortgages - Friday 9 February, 2018

Poll: Should people who stop paying their mortgages be free from eviction?
# Your Say
# Your Say

Poll: Should people who stop paying their mortgages be free from eviction?

Feb 9th 2018, 9:36 AM 36,319 Views 154 Comments

A new report from the Central Bank has said that people began to do this in their droves in 2011.

Irish people stopped paying mortgages in their droves after a ruling blocked the banks from evicting
# Moral Hazard
# Moral Hazard

Irish people stopped paying mortgages in their droves after a ruling blocked the banks from evicting

Feb 9th 2018, 8:17 AM 45,238 Views 108 Comments

The Dunne Judgement from July 2011 stated that banks could no longer foreclose until new legislation was brought in on the issue.

# mortgages - Tuesday 23 January, 2018

Tracker mortgage scandal: AIB did not consider 'the potential fallout'
# Compensation
# Compensation

Tracker mortgage scandal: AIB did not consider 'the potential fallout'

Jan 23rd 2018, 6:14 PM 16,838 Views 41 Comments

About 10,000 account holders were impacted by the scandal.

€200 million first-time buyers' scheme called 'subprime lending'
# Mortgages
# Mortgages

€200 million first-time buyers' scheme called 'subprime lending'

Jan 23rd 2018, 6:15 AM 25,464 Views 40 Comments

It will allow buyers to get mortgages for homes up to €320,000 in Dublin.

# mortgages - Tuesday 16 January, 2018

Minister willing to bring in new laws to punish reckless behaviour of senior bankers
# Tracker Scandal
# Tracker Scandal

Minister willing to bring in new laws to punish reckless behaviour of senior bankers

Jan 16th 2018, 5:50 PM 7,726 Views 55 Comments

Paschal Donohoe was speaking to the Finance Committee today about the tracker mortgage scandal.

# mortgages - Tuesday 2 January, 2018

Almost no change in house prices in second half of 2017 - but it doesn't mean a bubble has burst
# Property
# Property

Almost no change in house prices in second half of 2017 - but it doesn't mean a bubble has burst

Jan 2nd 2018, 5:55 AM 18,421 Views 16 Comments

The Central Bank’s mortgage rules are pivotal to the story of residential property in 2017, writes economist Ronan Lyons.

# mortgages - Sunday 24 December, 2017

Poll: Should the State relax free legal aid rules to cover more arrears cases?
# Your Say
# Your Say

Poll: Should the State relax free legal aid rules to cover more arrears cases?

Dec 24th 2017, 9:30 AM 9,853 Views 39 Comments

More than 30,000 accounts have been in arrears for more than two years.

# mortgages - Thursday 14 December, 2017

10% of all residential mortgages in Ireland are in arrears
# Gaffs
# Gaffs

10% of all residential mortgages in Ireland are in arrears

Dec 14th 2017, 8:00 PM 15,853 Views 47 Comments

The number of mortgages behind on payments has dropped since the depths of the recession.

# mortgages - Thursday 16 November, 2017

After putting aside €4m last year to cover tracker scandal, KBC now says it'll cost €59m
# Compensation
# Compensation

After putting aside €4m last year to cover tracker scandal, KBC now says it'll cost €59m

Nov 16th 2017, 10:14 AM 10,296 Views 22 Comments

KBC estimates up to 1,661 of its customers may have been impacted.

# mortgages - Wednesday 25 October, 2017

'They're refusing to engage': Banks reject almost half of personal insolvency proposals
# Mortgage Distress
# Mortgage Distress

'They're refusing to engage': Banks reject almost half of personal insolvency proposals

Oct 25th 2017, 1:30 PM 14,497 Views 53 Comments

The head of the insolvency service said banks are challenging proposals “on as many fronts as possible”.

# mortgages - Wednesday 27 September, 2017

A new scheme will allow mortgage holders in long-term arrears to stay in their homes
# Mortgage To Rent
# Mortgage To Rent

A new scheme will allow mortgage holders in long-term arrears to stay in their homes

Sep 27th 2017, 1:44 PM 19,312 Views 88 Comments

Under the scheme, a mortgage holder will surrender their property and rent it back.

# mortgages - Friday 22 September, 2017

Poll: Do you expect to have a mortgage paid off before you retire?
# Your Say
# Your Say

Poll: Do you expect to have a mortgage paid off before you retire?

Sep 22nd 2017, 9:32 AM 39,917 Views 118 Comments

A new poll suggests that nearly half of Irish people expect to still be paying off a property loan when they reach retirement age.

# mortgages - Friday 15 September, 2017

AIB cuts its standard variable mortgage rates
# Competitive
# Competitive

AIB cuts its standard variable mortgage rates

Sep 15th 2017, 1:49 PM 23,999 Views 49 Comments

The bank said that it was cutting its standard variable rate (SVR) by 0.25%.

# mortgages - Saturday 19 August, 2017

'We sold my wedding ring to afford six months' rent. We are now faced with bankruptcy'
# Home Repossession
# Home Repossession

'We sold my wedding ring to afford six months' rent. We are now faced with bankruptcy'

Aug 19th 2017, 7:30 PM 65,817 Views 171 Comments

We lost our home but our story is not unique and we are far from alone, writes Carly Bailey.

# mortgages - Sunday 16 July, 2017

Women being 'forced into homelessness' as former partners refuse to sign arrears deals
# Mortgages
# Mortgages

Women being 'forced into homelessness' as former partners refuse to sign arrears deals

Jul 16th 2017, 6:30 AM 21,326 Views 29 Comments

Sinn Féin’s Peadar Tóibin raised a number of examples that he said fall outside the remit of processes the government put in place to protect people.

# mortgages - Thursday 8 June, 2017

Over 4,000 borrowers flock to voucher scheme in bid to save their homes
# Abhaile
# Abhaile

Over 4,000 borrowers flock to voucher scheme in bid to save their homes

Jun 8th 2017, 12:02 AM 57,285 Views 32 Comments

Figures released to TheJournal.ie demonstrate the “massive” scale of the mortgage arrears problem, according to one expert.

# mortgages - Thursday 25 May, 2017

The average first time buyer in Ireland is 34 years old and needs at least a €50,000 deposit
# Start Saving
# Start Saving

The average first time buyer in Ireland is 34 years old and needs at least a €50,000 deposit

May 25th 2017, 1:24 PM 75,985 Views 69 Comments

According to the Central Bank, the average first time buyer received a mortgage of €185,939 last year.

# mortgages - Tuesday 11 April, 2017

Dedicated staff and timeline clarity could help make mortgage-switching easier
# Central Bank
# Central Bank

Dedicated staff and timeline clarity could help make mortgage-switching easier

Apr 11th 2017, 6:49 PM 8,241 Views 11 Comments

Research shows that many consumers who have switched mortgages had a positive experience, and can save “significant sums of money”.

# mortgages - Thursday 6 April, 2017

'Blaming' help-to-buy for property prices is just lazy
# Opinion
# Opinion

'Blaming' help-to-buy for property prices is just lazy

Apr 6th 2017, 1:48 PM 339 Views 73 Comments

The numbers don’t stack up on claims that the scheme is a primary influence on an entire market, writes Karl Deeter.

# mortgages - Monday 23 January, 2017

Credit unions want to shake up the mortgage market and they've €400m to lend
# Approved
# Approved

Credit unions want to shake up the mortgage market and they've €400m to lend

Jan 23rd 2017, 9:24 AM 36,694 Views 28 Comments

A representative group also wants lending rules relaxed,

# mortgages - Monday 9 January, 2017

'Out of the blue, we got a letter to say our loans had been sold to a vulture fund'
# Great Irish Sell Off
# Great Irish Sell Off

'Out of the blue, we got a letter to say our loans had been sold to a vulture fund'

Jan 9th 2017, 12:05 AM 59,200 Views 104 Comments

Housing has become the biggest issue for hundreds of thousands of people in Ireland.

# mortgages - Thursday 5 January, 2017

More than 500 people have already applied for the new first-time buyers scheme
# Property Ladder
# Property Ladder

More than 500 people have already applied for the new first-time buyers scheme

Jan 5th 2017, 1:55 PM 14,255 Views 25 Comments

The Help-To-Buy scheme opened for applications on Tuesday.

# mortgages - Saturday 31 December, 2016

5 trends coming down the tracks in the 2017 property market
# Preview 2017
# Preview 2017

5 trends coming down the tracks in the 2017 property market

Dec 31st 2016, 11:00 AM 58,395 Views 46 Comments

Economist Ronan Lyons gives us his take on what to expect.

# mortgages - Tuesday 20 December, 2016

'Are you bullied by the banks?': Watch Central Bank governor get grilled on tracker scandal
# Mortgages
# Mortgages

'Are you bullied by the banks?': Watch Central Bank governor get grilled on tracker scandal

Dec 20th 2016, 3:03 PM 13,568 Views 39 Comments

Philip Lane was being questioned over how many people have been overcharged on their mortgages.

# mortgages - Saturday 17 December, 2016

Fianna Fáil calls for punitive action after 10,000 customers 'wrongly denied' tracker mortgages
# Michael McGrath
# Michael McGrath

Fianna Fáil calls for punitive action after 10,000 customers 'wrongly denied' tracker mortgages

Dec 17th 2016, 12:15 PM 8,558 Views 74 Comments

Reports suggest the final bill for the banks and other lenders could run to over €1 billion.