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Dublin: 16 °C Thursday 20 June, 2013

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

From TheJournal.ie Column: Tenants shouldn’t pay the price for landlords struggling with mortgage repayments Opinion

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

From TheJournal.ie Debt advice service sees people trying to cope ‘breaking down in tears’ New Beginning

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

From TheJournal.ie The 5 at 5: Friday Take 5

The 5 at 5: Friday

5 minutes, 5 stories, 5 o’clock…

From TheJournal.ie Mortgage holders in arrears are older and more likely to have children – report Mortgage Arrears

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 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.

# mortgage-arrears - Wednesday 3 April, 2013

From TheJournal.ie IMF: European help, progress on mortgages crucial to exit from bailout 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 - Wednesday 27 March, 2013

From TheJournal.ie Junior Minister admits banks have ‘hoodwinked’ the government 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.

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

From TheJournal.ie FF publishes bill to remove bank veto from insolvency regime Mortgages

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.

From TheJournal.ie Mortgage write-offs ‘could be subject to 33pc tax’ 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 - Sunday 24 March, 2013

From TheJournal.ie Bruton: No ‘global strategy’ for telling homes how to make deals with banks 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-arrears - Saturday 16 March, 2013

From TheJournal.ie Popes, parades and Gay Mitchell : The week in numbers Prime Numbers

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?

From TheJournal.ie Noonan: Claim about strategic mortgage defaulters is ‘wholly anecdotal’ Mortgage Arrears

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

From TheJournal.ie Leaders’ Questions: Concerns over banks’ role in mortgage arrears plan Leaders's Questions

Leaders’ Questions: Concerns over banks’ role in mortgage arrears plan

Micheál Martin also questioned the Government about home repossessions following comments by Matthew Elderfield.

From TheJournal.ie David Hall: Mortgage arrears plan is a ‘horrific step for mortgage holders’ Mortgage Arrears

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

From TheJournal.ie Government outlines plan to tackle mortgage arrears Mortgage Arrears

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.

From TheJournal.ie Banks ‘do not have a veto’ to block insolvency deals, insists Kenny Mortgages

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

From TheJournal.ie Kenny defends Government’s stance on dealing with mortgage arrears Leaders' Questions

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.

From TheJournal.ie Michael Noonan to reveal the plan to tackle mortgage arrears 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.

# 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

From TheJournal.ie The 9 at 9: Friday 9 At 9

The 9 at 9: Friday

Good morning. Here are nine things to know as you start your day.

From TheJournal.ie Finance Minister ‘disappointed’ banks haven’t dealt with personal debt Crisis

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.

From TheJournal.ie The 9 at 9: Tuesday 9 At 9

The 9 at 9: Tuesday

Good morning. Here are nine things to know as you start your day.

# mortgage-arrears - Wednesday 13 February, 2013

From TheJournal.ie Personal insolvency agency to open ‘early in the summer’ – Taoiseach Leaders' Questions

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

From TheJournal.ie New insolvency regime may not help troubled mortgage holders – Troika Euroleaks

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

From The Daily Edge Here is the week’s news…skewed Not The News

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

From TheJournal.ie First vote on Local Property Tax Bill passes in Dáil Property Tax

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”.

From TheJournal.ie The 9 at 9: Thursday 9 At 9

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

From TheJournal.ie Column: Pretending this mortgage crisis isn’t happening won’t make it go away Opinion

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

From TheJournal.ie Father of five barricades farm after eviction notice Eviction

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

From TheJournal.ie Mortgage arrears could rise to 18 per cent, says report Mortgage Arrears

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.

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