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#Vulture funds

# vulture-funds - Thursday 26 November, 2020

Vulture funds are 'preying on the misery and distress' of farmers
# Leaders' Questions
# Leaders' Questions

Vulture funds are 'preying on the misery and distress' of farmers

Nov 26th 2020, 3:03 PM 22,845 Views 48 Comments

The Tánaiste said if people borrow money, they have a responsibility to pay it back.

# vulture-funds - Thursday 19 March, 2020

So-called vulture funds and non-bank lenders to allow three-month mortgage break over Covid-19 outbreak
# Central Bank
# Central Bank

So-called vulture funds and non-bank lenders to allow three-month mortgage break over Covid-19 outbreak

Mar 19th 2020, 6:58 PM 24,121 Views 41 Comments

The Central Bank said this evening that there was no impediment to providing the three-month payment breaks.

# vulture-funds - Tuesday 2 July, 2019

Ulster Bank sells off nearly 4,000 of its customers in massive family home loan book sale
# Mortgage Sale
# Mortgage Sale

Ulster Bank sells off nearly 4,000 of its customers in massive family home loan book sale

Jul 2nd 2019, 7:12 PM 28,301 Views 92 Comments

90% of the loans due to be sold are family homes – about 3,200 accounts.

# vulture-funds - Tuesday 21 May, 2019

Taoiseach asks for details about letters sent to mortgage-holders demanding full payment of arrears within 30 days
# Cabot Financial
# Cabot Financial

Taoiseach asks for details about letters sent to mortgage-holders demanding full payment of arrears within 30 days

May 21st 2019, 8:41 PM 32,758 Views 50 Comments

Taoiseach has said it is now time for to review the tax treatment of vulture funds.

# vulture-funds - Friday 19 April, 2019

Taoiseach says he didn’t realise his mortgage could be sold on by his bank when he took it out in 2003
# Vulture Funds
# Vulture Funds

Taoiseach says he didn’t realise his mortgage could be sold on by his bank when he took it out in 2003

Apr 19th 2019, 6:10 AM 115,584 Views 82 Comments

In an interview with TheJournal.ie this week, the Taoiseach said he understood the intent behind Sinn Féin’s No Consent No Sale Bill.

# vulture-funds - Saturday 13 April, 2019

Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days
# Vulture Funds
# Vulture Funds

Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days

Apr 13th 2019, 8:30 AM 115,754 Views 110 Comments

The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.

# vulture-funds - Tuesday 9 April, 2019

'Cuckoo funds' shutting out first-time buyers and operating tax-free need urgent review, says FF
# Housing
# Housing

'Cuckoo funds' shutting out first-time buyers and operating tax-free need urgent review, says FF

Apr 9th 2019, 3:29 PM 20,222 Views 39 Comments

Corporate investors known as so-called ‘cuckoo funds’ have spent over €1.1 billion on nearly 3,000 residential properties in Ireland last year

# vulture-funds - Wednesday 3 April, 2019

Finance Minister says he wouldn't mind if his mortgage was held by a vulture fund
# Banks
# Banks

Finance Minister says he wouldn't mind if his mortgage was held by a vulture fund

Apr 3rd 2019, 6:59 PM 18,861 Views 96 Comments

The minister said the Sinn Fein Bill to give mortgage holders the power to block the sale of their loans to vulture funds is unconstitutional.

'The banks are dictating what happens': TDs say government relying on 'constitution' card to block vulture funds Bill
# Sell Off
# Sell Off

'The banks are dictating what happens': TDs say government relying on 'constitution' card to block vulture funds Bill

Apr 3rd 2019, 6:15 AM 14,979 Views 35 Comments

Officials were quizzed about their assertions the Bill is unconstitutional and would result in higher mortgage interest rates.

# vulture-funds - Tuesday 2 April, 2019

Central Bank to scrap code of conduct for banks on the transfer of mortgages as it's 'not relevant'
# Homeowners' Rights
# Homeowners' Rights

Central Bank to scrap code of conduct for banks on the transfer of mortgages as it's 'not relevant'

Apr 2nd 2019, 12:05 AM 30,083 Views 35 Comments

Sinn Féin’s No Consent, No Sale Bill aims to puts the code on a statutory footing.

# vulture-funds - Wednesday 27 March, 2019

UN says Ireland applies 'preferential tax laws' to vultures funds and it 'cannot continue'
# Housing
# Housing

UN says Ireland applies 'preferential tax laws' to vultures funds and it 'cannot continue'

Mar 27th 2019, 2:13 PM 27,998 Views 52 Comments

The report states that “landlords have become faceless corporations wreaking havoc with tenants”.

# vulture-funds - Saturday 23 March, 2019

High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds
# Tax Loophole
# Tax Loophole

High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds

Mar 23rd 2019, 8:30 AM 25,910 Views 37 Comments

Edmund Honohan has said there are many similarities to be drawn with the Apple case being taken.

# vulture-funds - Sunday 3 March, 2019

Taoiseach told that 'banks are as aggressive and as arrogant as the time of the crash'

Taoiseach told that 'banks are as aggressive and as arrogant as the time of the crash'

Mar 3rd 2019, 6:00 AM 38,940 Views 54 Comments

Fianna Fáil TD John McGuinness told the Taoiseach that people are crying out for help.

# vulture-funds - Thursday 31 January, 2019

Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil
# Great Irish Sell Off
# Great Irish Sell Off

Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil

Updated Jan 31st 2019, 6:14 PM 38,918 Views 76 Comments

The Bill puts into law what already exists at the moment as a voluntary Central Bank code

# vulture-funds - Thursday 24 January, 2019

Opinion: Sound the alarm - a proposed EU directive on bad loans will give vulture funds a free rein
# Opinion
# Opinion

Opinion: Sound the alarm - a proposed EU directive on bad loans will give vulture funds a free rein

Jan 24th 2019, 7:00 AM 18,680 Views 58 Comments

A proposed new EU Directive aims to develop a secondary market for non-performing loans and poses a serious threat to the rights of borrowers and consumers, writes Matt Carthy.

# vulture-funds - Friday 11 January, 2019

'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin
# Fair Mortgage Bill
# Fair Mortgage Bill

'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin

Jan 11th 2019, 6:15 AM 57,279 Views 74 Comments

Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.

# vulture-funds - Thursday 20 December, 2018

Almost 7,000 loans in arrears held by 'unregulated loan owners'
# Vulture Funds
# Vulture Funds

Almost 7,000 loans in arrears held by 'unregulated loan owners'

Dec 20th 2018, 12:05 AM 22,366 Views 77 Comments

Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.

# vulture-funds - Tuesday 11 December, 2018

Taoiseach vows to close loophole that allows €1.3bn mortgage 'vehicle' not to pay tax
# Mortgage Sell-off
# Mortgage Sell-off

Taoiseach vows to close loophole that allows €1.3bn mortgage 'vehicle' not to pay tax

Dec 11th 2018, 7:19 PM 34,414 Views 48 Comments

Last week, PTSB bank bosses confirmed that the ‘special purpose vehicle’ which more than 6,000 of its mortgages have been transferred to will be exempt from tax.

# vulture-funds - Tuesday 13 November, 2018

Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review
# Mortgage Arrears
# Mortgage Arrears

Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review

Nov 13th 2018, 10:16 PM 14,129 Views 28 Comments

Finance Minister Paschal Donohoe said there will be no change to the code of conduct, as it is working effectively.

# vulture-funds - Friday 7 September, 2018

343 homes repossessed over mortgage arrears during second quarter of 2018
# Mortgage Crisis
# Mortgage Crisis

343 homes repossessed over mortgage arrears during second quarter of 2018

Sep 7th 2018, 5:50 PM 36,965 Views 84 Comments

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

# vulture-funds - Thursday 6 September, 2018

Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale
# Vulture Funds
# Vulture Funds

Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale

Sep 6th 2018, 6:15 AM 7,252 Views 21 Comments

Last month, PTSB sold its controversial Project Glas loan portfolio to an affiliate of the so-called vulture fund Lone Star for around €1.3 billion.

# vulture-funds - Tuesday 4 September, 2018

Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused
# Vulture Funds
# Vulture Funds

Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused

Sep 4th 2018, 6:40 PM 17,048 Views 43 Comments

Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.

# vulture-funds - Saturday 18 August, 2018

'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund
# Sell Off
# Sell Off

'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund

Aug 18th 2018, 6:30 AM 43,966 Views 97 Comments

‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.

# vulture-funds - Tuesday 14 August, 2018

'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales
# Where's Paschal?
# Where's Paschal?

'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales

Aug 14th 2018, 7:31 PM 16,489 Views 102 Comments

Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.

# vulture-funds - Monday 6 August, 2018

Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'
# Interview
# Interview

Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'

Aug 6th 2018, 6:05 AM 48,400 Views 59 Comments

In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.

# vulture-funds - Tuesday 31 July, 2018

PTSB sells thousands of home loan mortgages to vulture fund
# Sell Off
# Sell Off

PTSB sells thousands of home loan mortgages to vulture fund

Jul 31st 2018, 8:10 PM 39,622 Views 136 Comments

A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.

# vulture-funds - 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 21,917 Views 83 Comments

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

# vulture-funds - Wednesday 25 April, 2018

'There's power in community': Farmers urged to boycott forced sales of farms by vulture funds
# People Power
# People Power

'There's power in community': Farmers urged to boycott forced sales of farms by vulture funds

Apr 25th 2018, 12:56 PM 15,867 Views 46 Comments

The IFA has been contacted by around 200 farmers impacted by the issue so far this year.

# vulture-funds - Thursday 15 March, 2018

'It's a gagging order': Department tells councillors not to discuss private planning applications

'It's a gagging order': Department tells councillors not to discuss private planning applications

Mar 15th 2018, 6:30 AM 17,404 Views 44 Comments

Councillors have said the direction from the Department of Housing is an attempt to undermine local democracy.

# vulture-funds - Monday 12 March, 2018

'Landlord said it was none of his business': Tenants left 'in limbo' after vulture funds buy property
# Receivers
# Receivers

'Landlord said it was none of his business': Tenants left 'in limbo' after vulture funds buy property

Mar 12th 2018, 12:05 AM 44,939 Views 64 Comments

Housing charity Threshold says numerous renters had contacted it over problems with vulture funds and receivers.

# vulture-funds - Friday 9 March, 2018

Grafton Street branch of PTSB occupied by anti-vulture fund demonstrators
# Permanent TSB
# Permanent TSB

Grafton Street branch of PTSB occupied by anti-vulture fund demonstrators

Mar 9th 2018, 4:00 PM 19,682 Views 103 Comments

The protesters accuse the bank of putting the lives of people in almost 20,000 households in jeopardy.

# vulture-funds - Tuesday 6 March, 2018

Taking on vulture funds and using State lands: How the opposition is trying to fix Ireland's housing situation
# Rents And Mortgages
# Rents And Mortgages

Taking on vulture funds and using State lands: How the opposition is trying to fix Ireland's housing situation

Mar 6th 2018, 3:29 PM 9,050 Views 51 Comments

The utilisation of State land for affordable rental properties and the regulation of vulture funds is to be debated in the Dáil.

# vulture-funds - Tuesday 27 February, 2018

Protesters deliver a coffin to the door of PTSB, as government agrees to regulate vulture funds
# Mortgage Arrears
# Mortgage Arrears

Protesters deliver a coffin to the door of PTSB, as government agrees to regulate vulture funds

Feb 27th 2018, 8:41 PM 35,448 Views 56 Comments

The Central Bank is to review their code of conduct for how financial institutions deal with those in mortgage arrears.

# vulture-funds - 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 16,960 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 42,388 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.

# vulture-funds - 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 27,359 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.

# vulture-funds - 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 18,567 Views 88 Comments

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

# vulture-funds - 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 23,628 Views 122 Comments

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

# vulture-funds - Tuesday 20 February, 2018

'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off
# Political Battle
# Political Battle

'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off

Feb 20th 2018, 8:42 PM 39,293 Views 189 Comments

The proposed sell-off has become the subject of a political battle in recent days.

# vulture-funds - Thursday 15 February, 2018

'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale
# Fire Sale
# Fire Sale

'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale

Feb 15th 2018, 1:52 PM 21,446 Views 120 Comments

PTSB, which is 75% owned by the State, states it is selling off non-performing loans.

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