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23/08/2013
Increase In Overall Mortgage Arrears
Today's Central Bank figures show an unwelcome increase in the overall number of mortgage accounts in arrears for principal dwelling houses (PDHs), according to the Irish Banking Federation (IBF).
However, they also show a welcome continued decline in early stage arrears.
In a statement the IBF said: "The increase to 97,874 (12.7%) in the number of accounts in arrears of over 90 days unfortunately reflects further deterioration in the financial circumstances of those already in or falling into arrears. This deterioration is particularly evident in longer-term arrears of over 180 days. The overall level of arrears is likely to increase further before it finally peaks.
"It is encouraging that the rate at which people are falling into arrears (less than 90 days) continues to fall – down 3.3% on the previous quarter, amounting to a decline of 10% since the peak in Q3 2012."
(CD/IT)
However, they also show a welcome continued decline in early stage arrears.
In a statement the IBF said: "The increase to 97,874 (12.7%) in the number of accounts in arrears of over 90 days unfortunately reflects further deterioration in the financial circumstances of those already in or falling into arrears. This deterioration is particularly evident in longer-term arrears of over 180 days. The overall level of arrears is likely to increase further before it finally peaks.
"It is encouraging that the rate at which people are falling into arrears (less than 90 days) continues to fall – down 3.3% on the previous quarter, amounting to a decline of 10% since the peak in Q3 2012."
(CD/IT)
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13 December 2012
Figures Show Increase In Mortgage Arrears
Figures published by The Central Bank show show that 86,146 private residential mortgage accounts for principal dwelling houses (PDH) were in arrears of over 90 days at end-September, up from 81,035 accounts at end-June 2012. The pace of increase in PDH arrears cases over 90 days has slowed further.
Figures Show Increase In Mortgage Arrears
Figures published by The Central Bank show show that 86,146 private residential mortgage accounts for principal dwelling houses (PDH) were in arrears of over 90 days at end-September, up from 81,035 accounts at end-June 2012. The pace of increase in PDH arrears cases over 90 days has slowed further.
18 November 2011
8% In Mortgage Arrears Over 90 Days
The Central Bank has revealed over 8% of homeowners in Ireland are in mortgage arrears for over 90 days. The bank's latest data on mortgages, restructures and repossessions up to September show that 8.1% of private residential mortgage accounts are in 90 day arrears, compared to 7.2% for the same period last year.
8% In Mortgage Arrears Over 90 Days
The Central Bank has revealed over 8% of homeowners in Ireland are in mortgage arrears for over 90 days. The bank's latest data on mortgages, restructures and repossessions up to September show that 8.1% of private residential mortgage accounts are in 90 day arrears, compared to 7.2% for the same period last year.
17 November 2010
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.
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.
19 March 2014
Consistency Needed In Bank Handling Of Mortgage Arrears
Greater consistency is needed in how different banks handle mortgage arrears, Fianna Fáil has said.
Consistency Needed In Bank Handling Of Mortgage Arrears
Greater consistency is needed in how different banks handle mortgage arrears, Fianna Fáil has said.
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