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Saturday 1 April 2023 Dublin: 9°C

# Vulture funds

All time
# vultures
Dealing with a vulture fund - how these families have coped
With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.
# vulture fears
Mortgages sell-off will disrupt already-volatile housing market, charities warn
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
Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'
Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.
# Vulture funds
Minister concedes homeowners who engaged with PTSB may not have deals honoured
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
# political battle
'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off
The proposed sell-off has become the subject of a political battle in recent days.
# fire sale
'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale
PTSB, which is 75% owned by the State, states it is selling off non-performing loans.
# pentire
'I wouldn't want to go up against them alone': Vulture fund ramps up taking homeowners to court
Pentire Property Finance is a subsidiary of US investment giant CarVal.
# Tracker Scandal
'Take a look in the mirror': Why didn't the Central Bank act earlier on the tracker mortgage scandal?
The Central Bank’s governor Philip Lane confirmed 13,000 impacted customers are still waiting to get their money back.
# Interview
'If someone breaks into your house you should do whatever you have to to take them on'
Independent TD Michael Fitzmaurice talks rural crime, drink-driving and hits out against the Independent Alliance
'We sold my wedding ring to afford six months' rent. We are now faced with bankruptcy'
We lost our home but our story is not unique and we are far from alone, writes Carly Bailey.
# ires reit
A tenants' group will protest outside the country's biggest private landlord today
Members of the Dublin Tenants’ Association will today picket outside the offices of Ires Reit.
# Evictions
Norris lets rip on vulture funds: 'Why were they allowed into this country?'
Speaking about his new Housing Co-op Bill, Norris said people appear to have forgotten that “eviction” is a dirty word in Ireland.
# Great Irish Sell Off
'Farmers are at their wit's end': Losing your land, home and income at the hands of vulture funds
The IFA says if vulture funds come after farmers they’ll have to get to them through them first.
'It is arguable that the acts of vulture funds are outside what is to be permitted by the Constitution'
The inviolability of the family home is enshrined in our Constitution, writes solicitor Jody Cantillon.
# shut down
Direct Provision centre in Limerick shuts over 'health and safety fears'
The management contract was “terminated” by a division of the Department of Justice today.
# Vulture funds
Spanish inspiration? Anti-eviction movement heats up with bill to end loopholes used to evict tenants
AAA-PBP is kicking off the first day of the Dáil session tomorrow with its Anti-Eviction Bill.
# Vulture funds
Tyrrelstown law might not save Limerick renters from eviction
Housing Minister Simon Coveney said he is looking to get involved in the case.
# Great Irish Sell Off
'Out of the blue, we got a letter to say our loans had been sold to a vulture fund'
Housing has become the biggest issue for hundreds of thousands of people in Ireland.
# The Great Irish Sell Off
Vulture funds pay just €8,000 in tax on €10 billion of assets
New research has shown companies pay just €250 in tax a year.
# vultures
'The Central Bank is in the dark' over how many business loans vulture funds own
Michael McGrath said that the situation was “incredible”.
# Tax avoidance
'Accounting firms are telling vulture funds how to get around tax loophole closure'
Stephen Donnelly has submitted a detailed proposal on how he thinks Ireland can shut down vulture fund tax avoidance.
Where will Namaleaks lead us? The answer depends on you
Julien Mercille is a member of the Namaleaks team. He explains why the site was set up.
# Legal loophole
Vulture funds using charitable status for tax avoidance being investigated
Some vulture funds are using a tax loophole to pay as little as €250 in tax in Ireland.
# Social Democrats
Government accused of facilitating tax avoidance by vulture funds
Social Democrats TD Stephen Donnelly told that the government sold a €400 million loanbook for just €80 million
# Vulture funds
'I feel like an idiot. I should have just stopped paying my Ulster Bank loan'
The bank said this week it was selling 900 family homes as part of a loan book worth €2.5 billion.
# Vulture funds
Calls for emergency legislation to stop Ulster Bank selling 900 family homes
The sale includes 2,000 buy-to-let properties as well as farmer and SME loan books.
# Housing Crisis
Should the government buy houses back from vulture funds? The public is split
The master of the High Court said it could work as one of the solutions to the housing crisis.
Vulture funds pick and peck and they're not finished yet
The vultures arrived in Ireland after the crisis when they realised there was a lot of property up for grabs at knock down prices, writes Michael Byrne.
# Protest
Alan Kelly: Fingal County Council is trying to buy Tyrrelstown houses
Some 100 families face the threat of eviction.
# cruise park
Tyrrelstown residents want immediate protection from vulture fund
Ruth Coppinger has called for the government to intervene.
# cruise park
'It is devastating': Residents of Dublin estate facing 'mass eviction'
Tyrrelstown residents are set to meet at 8pm this evening to discuss their situation.
# Mortgage Holders
10,000 Irish homeowners need protection against 'vulture funds'
Fianna Fáil’s Finance Spokesperson Michael McGrath has said the issue needs to be dealt with in 2015.
# nama drama
Nearly all the assets from Nama's €17.5 billion in fire sales have gone to offshore buyers
And the bad bank’s boss says if overseas owners want to pull apart Irish businesses there’s not much he can do.
# Vulture funds
Fears as 10,000 mortgages now in the hands of 'vulture funds'
The selling off of IBRC assets leaves home owners vulnerable to a rise in interest rates.
# Regulation Stations
Consumer rights on 'vulture fund' mortgage books to be beefed up
The Government is pushing legislation to put the new owners of Irish loan books on a shorter leash.
# Vulture Culture
Honohan "not happy" about mortgage sales to vulture funds
Central Bank governor says he told the Government of his concerns over protections for mortgage holders.
Column: Here’s who the Anglo payment may have gone to – and it’s not pretty
There are financial funds which profiteer from troubled nations’ debt – and Ireland has already caught their eye, writes Fergal Browne.