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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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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.
17 August 2012
Over 50% Of Mortgages In Arrears
Over 50% of Irish mortgages are in negative equity, according to Davy stockbrokers. In an analysis of the mortgage arrears situation, Davy has forecast that owner-occupier arrears will peak at 16.5% from a level of 13.4% in the first quarter of this year. The stockbrokers said that banks need to move beyond short-term mortgage measures.
Over 50% Of Mortgages In Arrears
Over 50% of Irish mortgages are in negative equity, according to Davy stockbrokers. In an analysis of the mortgage arrears situation, Davy has forecast that owner-occupier arrears will peak at 16.5% from a level of 13.4% in the first quarter of this year. The stockbrokers said that banks need to move beyond short-term mortgage measures.
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.
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.
08 June 2017
Mortgage Arrears Fall For 15th Consecutive Quarter - Figures
The number of Irish homes in mortgage arrears for more than 90 days has declined for the 15th consecutive quarter during the first three months of 2017. New figures from the Central Bank today, 08 June, reveals one in 10 family homes are in mortgage arrears, with more than 76,400 householders behind on their home loan repayments.
Mortgage Arrears Fall For 15th Consecutive Quarter - Figures
The number of Irish homes in mortgage arrears for more than 90 days has declined for the 15th consecutive quarter during the first three months of 2017. New figures from the Central Bank today, 08 June, reveals one in 10 family homes are in mortgage arrears, with more than 76,400 householders behind on their home loan repayments.
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