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23/08/2012
More Than A Fifth Of Mortgages Now In Difficulties
More than 123,000 mortgages are now behind in repayments, the Irish Times has reported.
And Central Bank figures show that the number of borrowers missing mortgage repayments for 90 days or more increased in the three months to the end of June.
The quarterly figures showed that a huge 10.9% of mortgages is now in arrears of 90 days or more.
And for the first time, the bank published figures on the number of mortgages in arrears of less than 90 days.
They show that the number of mortgage borrowers falling into arrears actually slowed during the second quarter of 2012.
Arrears of 90 days or less fell to 45,165 mortgages at the end of June, down from 46,284 mortgages at the end of March.
Taking all the figures together, just over 22% of mortgages were in some kind of difficulty at the end of this year’s second quarter.
In numerical terms, this accounts for €30.5bn of loans.
he Irish Banking Federation said the high rate of arrears in the latest figures reflect "the difficult economic circumstances in which an increasing number of customers find themselves" but it noted that there has been a slowdown in the rate at which new customers are going into arrears over a number of successive quarters.
"This easing in the pace at which new arrears cases are arising is welcome and we will look to future quarters for confirmation of the sustainability of this trend over time," said the banking lobby group.
(NE)
And Central Bank figures show that the number of borrowers missing mortgage repayments for 90 days or more increased in the three months to the end of June.
The quarterly figures showed that a huge 10.9% of mortgages is now in arrears of 90 days or more.
And for the first time, the bank published figures on the number of mortgages in arrears of less than 90 days.
They show that the number of mortgage borrowers falling into arrears actually slowed during the second quarter of 2012.
Arrears of 90 days or less fell to 45,165 mortgages at the end of June, down from 46,284 mortgages at the end of March.
Taking all the figures together, just over 22% of mortgages were in some kind of difficulty at the end of this year’s second quarter.
In numerical terms, this accounts for €30.5bn of loans.
he Irish Banking Federation said the high rate of arrears in the latest figures reflect "the difficult economic circumstances in which an increasing number of customers find themselves" but it noted that there has been a slowdown in the rate at which new customers are going into arrears over a number of successive quarters.
"This easing in the pace at which new arrears cases are arising is welcome and we will look to future quarters for confirmation of the sustainability of this trend over time," said the banking lobby group.
(NE)
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40,000 Mortgages In Arrears Over 90 Days
One in 20 Irish mortgages have been in arrears for over 90 days according to figures from the Central Bank today. The worrying data shows 40,472 mortgages were in arrears for over the 90 days period at the end of September over double that of last year's figure.
40,000 Mortgages In Arrears Over 90 Days
One in 20 Irish mortgages have been in arrears for over 90 days according to figures from the Central Bank today. The worrying data shows 40,472 mortgages were in arrears for over the 90 days period at the end of September over double that of last year's figure.
07 December 2010
New Rules Finalised For Mortgage Lenders
A list of new rules to curtail aggressive behaviour by mortgage lenders are to come into force in January, according to the Central Bank this morning.
New Rules Finalised For Mortgage Lenders
A list of new rules to curtail aggressive behaviour by mortgage lenders are to come into force in January, according to the Central Bank this morning.
24 March 2015
FF Call On Central Bank To Directly Engage With Mortgage Providers
The Central Bank has been urged to engage directly with mortgage providers in an effort to secure a reduction in the standard variable rate. Making the call Fianna Fáil finance spokesperson Michael McGrath said that "it is clear that there is a wide and growing disparity with existing customers on SVRs very much at the bottom of the pile.
FF Call On Central Bank To Directly Engage With Mortgage Providers
The Central Bank has been urged to engage directly with mortgage providers in an effort to secure a reduction in the standard variable rate. Making the call Fianna Fáil finance spokesperson Michael McGrath said that "it is clear that there is a wide and growing disparity with existing customers on SVRs very much at the bottom of the pile.
11 March 2016
Mortgage Arrears Fall For 10th Consecutive Quarter
The latest figures from the Central Bank have revealed that mortgage arrears have decreased for the 10th consecutive quarter. According to the figures, there has been a 38% drop in arrears, which represents 54,000 plus mortgages, or €9.6 billion of mortgage debt.
Mortgage Arrears Fall For 10th Consecutive Quarter
The latest figures from the Central Bank have revealed that mortgage arrears have decreased for the 10th consecutive quarter. According to the figures, there has been a 38% drop in arrears, which represents 54,000 plus mortgages, or €9.6 billion of mortgage debt.
23 February 2018
Oireachtas Must Urgently Regulate 'Vulture Funds' - FF
The Oireachtas has been called to urgently regulate 'vulture funds'. Fianna Fáil Spokesperson on Finance Michael McGrath, made the call following a statement from Ulster Bank CEO Gerry Mallon that the bank may sell off up to 7,000 mortgages. Deputy McGrath said: "The case for full regulation of these vulture funds is compelling.
Oireachtas Must Urgently Regulate 'Vulture Funds' - FF
The Oireachtas has been called to urgently regulate 'vulture funds'. Fianna Fáil Spokesperson on Finance Michael McGrath, made the call following a statement from Ulster Bank CEO Gerry Mallon that the bank may sell off up to 7,000 mortgages. Deputy McGrath said: "The case for full regulation of these vulture funds is compelling.
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Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
