Mortgage Arrears
# mortgage-arrears - Thursday 23 May, 2013
Almost 95,000 mortgage holders are in arrears
Some 27 per cent of buy-to-let loans worth €8.4 billion were over 90 days past due at the end of 2012 according to the Central Bank’s latest review.
# mortgage-arrears - Thursday 16 May, 2013
Column: Tenants shouldn’t pay the price for landlords struggling with mortgage repayments
There’s a crisis in the buy-to-let sector due to landlords falling into mortgage arrears and innocent tenants are getting caught in the chaos. Receivers have to realise people renting properties are not commodities, writes Bod Jordan.
# mortgage-arrears - Tuesday 30 April, 2013
Debt advice service sees people trying to cope ‘breaking down in tears’
New Beginning have organised free, debt advice seminars across Ireland.
# mortgage-arrears - Tuesday 16 April, 2013
Revenue to waive tax on sale of properties for owners in arrears
The ruling will allow for banks to come to a new arrangement with mortgage holders to write off some of their debt without incurring extra charges.
# mortgage-arrears - Friday 12 April, 2013
The 5 at 5: Friday
5 minutes, 5 stories, 5 o’clock…
Mortgage holders in arrears are older and more likely to have children – report
A survey conducted by MABS indicated that over 36 per cent of mortgage clients were unemployed.
# mortgage-arrears - 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-arrears - 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-arrears - 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.
AIB recorded pre-tax loss of €3.8 billion in 2012
AIB’s chief executive David Duffy – who the report shows was paid €546,000 last year – said that assisting mortgage customers in difficulty would be a “major priority for this year”.
# mortgage-arrears - Tuesday 26 March, 2013
Permanent TSB records €922 million loss for 2012
There’s some good news, though: losses on loan write-offs are down by over half a billion euro when compared to 2011.
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-arrears - Monday 25 March, 2013
FF publishes bill to remove bank veto from insolvency regime
Fianna Fáil’s legislation would also create an independent Mortgage Resolution Office with the power to make binding orders.
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 - 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-arrears - Saturday 16 March, 2013
Popes, parades and Gay Mitchell : The week in numbers
How long is the Patrick’s Day parade in Dublin? And how many years has it been since there was a pope from outside Europe?
Noonan: Claim about strategic mortgage defaulters is ‘wholly anecdotal’
The Finance Minister has dismissed a claim that as many as 35 per cent of mortgage arrears cases in Ireland are a result of strategic default where a borrower chooses not to pay their mortgage.
# mortgage-arrears - Thursday 14 March, 2013
Leaders’ Questions: Concerns over banks’ role in mortgage arrears plan
Micheál Martin also questioned the Government about home repossessions following comments by Matthew Elderfield.
David Hall: Mortgage arrears plan is a ‘horrific step for mortgage holders’
Hall also said that it was facts and statistics that showed progress on the issue, “not fiction and not spin”.
# mortgage-arrears - Wednesday 13 March, 2013
Government outlines plan to tackle mortgage arrears
Minister for Finance, Michael Noonan, said that targets will be set for banks with regard to these mortgages, which will be monitored.
Banks ‘do not have a veto’ to block insolvency deals, insists Kenny
Enda Kenny denies that the personal insolvency legislation gives banks the chance to totally block any debt relief.
# mortgage-arrears - Tuesday 12 March, 2013
Kenny defends Government’s stance on dealing with mortgage arrears
Micheál Martin suggests that the government is only now dealing with the problem because of the Meath East by-election.
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-arrears - Saturday 9 March, 2013
Doherty condemns AIB use of non-disclosure agreement for mortgage deals
Buy-to-let borrowers signing the agreement are requested not to disclose any details of negotiations with the bank, including the fact that they are happening.
# mortgage-arrears - Friday 8 March, 2013
The 9 at 9: Friday
Good morning. Here are nine things to know as you start your day.
Finance Minister ‘disappointed’ banks haven’t dealt with personal debt
New mortgage figures show that 94,488 mortgage accounts are in arrears of more than three months.
# mortgage-arrears - Tuesday 19 February, 2013
AIB commits to working out deals for mortgage holders in arrears
The bank said today it has built up a staff of 300 people dedicated to supporting customers in difficulty.
The 9 at 9: Tuesday
Good morning. Here are nine things to know as you start your day.
# mortgage-arrears - Wednesday 13 February, 2013
Personal insolvency agency to open ‘early in the summer’ – Taoiseach
Enda Kenny told the Dáil that he was not happy with the banks’ level of resolution of cases where customers are in mortgage arrears.
# mortgage-arrears - Friday 11 January, 2013
New insolvency regime may not help troubled mortgage holders – Troika Exclusive
The Troika has raised concerns about the effectiveness of the new personal insolvency law that is aimed at helping the country’s many distressed mortgage holders.
# mortgage-arrears - Saturday 15 December, 2012
Here is the week’s news…skewed
Breaking via The Mire wire: Kerry priest tells children there is no God; Government pledge to help homeowners become homeless; Craig Doyle = why?
# mortgage-arrears - Friday 14 December, 2012
First vote on Local Property Tax Bill passes in Dáil
After a walk through vote the Bill was passed and will now move on to its second reading.
Mortgage arrears problem continues to grow
Over 135,628 mortgage accounts are in arrears (of either more or less than 90 days).
# mortgage-arrears - Tuesday 16 October, 2012
Department of Finance head: Debt should be written off for those who really can’t pay
John Moran tells the Irish Bankers’ Federation that merely not calling in debts won’t cut it – they need to be removed totally.
# mortgage-arrears - Thursday 20 September, 2012
One in 5 mortgages will default by 2013
County by county survey shows that there are still “substantial losses to be realised on irish residential mortgage loans”.
The 9 at 9: Thursday
Good morning! Here are nine things you should know as you start your day…
# mortgage-arrears - Friday 24 August, 2012
Column: Pretending this mortgage crisis isn’t happening won’t make it go away
One in ten people who have a mortgage in Ireland are struggling to pay it off. Where is the urgency in solving this epidemic, asks Noeline Blackwell.
# mortgage-arrears - Thursday 23 August, 2012
Father of five barricades farm after eviction notice
Seamus Sherlock, ‘Life After Debt’ campaigner, said he feels like the bank is trying to ‘make an example’ of him.
# mortgage-arrears - Friday 17 August, 2012
Mortgage arrears could rise to 18 per cent, says report
Banks have still not recognised losses in full, says Davy Research, as it warns that mortgage arrears could rise from 13.5 per cent to as much as 18 per cent.
# mortgage-arrears - Monday 30 July, 2012
Internal candidate John Hogan to head Finance Dept banking policy
He will be in charge of policy for red-hot recession issues including mortgage arrears and lending to SMEs.






















































