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04/03/2014
Drop In Mortgage Arrears
The number of mortgage accounts for homes in arrears, fell for the second consecutive quarter in Q4 2013, according to the Central Bank.
A total of 136,564 of accounts were in arrears at end Q4 2013, a decline of 3.3 per cent relative to end-Q3, although the size of the decline was impacted by asset sales over the quarter.
The number of accounts in early arrears of less than 90 days declined by 5.7 per cent during the fourth quarter, compared to a decrease of 5.5 per cent in Q3.
Mortgage accounts in arrears of over 90 days at end-December 2013 decreased by 2,262 (2.3 per cent) over quarter. This represents the first decline in the number of accounts in arrears over 90 days, since the series began in September 2009.
However, the decline in the overall number of mortgage accounts in arrears, masks continuing increases in very long-term arrears. While the number of accounts in arrears between 90 and 720 days declined by 4,017 over the quarter, accounts in arrears of over 720 days increased by 1,755.
At end Q4 2013, there were 33,589 mortgage accounts with arrears of greater than 720 days corresponding to outstanding balances of €6.9bn. These accounts represented almost 63% of outstanding arrears on PDHs at end-December 2013.
(CD/JP)
A total of 136,564 of accounts were in arrears at end Q4 2013, a decline of 3.3 per cent relative to end-Q3, although the size of the decline was impacted by asset sales over the quarter.
The number of accounts in early arrears of less than 90 days declined by 5.7 per cent during the fourth quarter, compared to a decrease of 5.5 per cent in Q3.
Mortgage accounts in arrears of over 90 days at end-December 2013 decreased by 2,262 (2.3 per cent) over quarter. This represents the first decline in the number of accounts in arrears over 90 days, since the series began in September 2009.
However, the decline in the overall number of mortgage accounts in arrears, masks continuing increases in very long-term arrears. While the number of accounts in arrears between 90 and 720 days declined by 4,017 over the quarter, accounts in arrears of over 720 days increased by 1,755.
At end Q4 2013, there were 33,589 mortgage accounts with arrears of greater than 720 days corresponding to outstanding balances of €6.9bn. These accounts represented almost 63% of outstanding arrears on PDHs at end-December 2013.
(CD/JP)
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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.
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 August 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.
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.
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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