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Dublin: 9 °C Wednesday 20 November, 2019

#Arrears

From TheJournal.ie Ulster Bank sells portfolio of 3,175 mortgages to Pepper Sold

Ulster Bank sells portfolio of 3,175 mortgages to Pepper

There are 2,800 home loans and 375 buy-to-let loans included in the portfolio.

From TheJournal.ie Taoiseach asks for details about letters sent to mortgage-holders demanding full payment of arrears within 30 days Cabot Financial

Taoiseach asks for details about letters sent to mortgage-holders demanding full payment of arrears within 30 days

Taoiseach has said it is now time for to review the tax treatment of vulture funds.

From TheJournal.ie Experts say 'vulture friendly' commentary from government is 'dangerous' Arrears

Experts say 'vulture friendly' commentary from government is 'dangerous'

An Oireachtas committee yesterday heard legislation is needed to ensure banks cannot sell mortgages to vulture funds without a customer’s consent.

From TheJournal.ie Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days Vulture Funds

Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days

The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.

From TheJournal.ie Cabinet to consider Bill to help borrowers in mortgage arrears Repossessions

Cabinet to consider Bill to help borrowers in mortgage arrears

The Bill aims to broaden the matters a judge needs to take into account when considering repossessions.

From TheJournal.ie State will no longer automatically pay for barristers in personal insolvency cases Abhaile

State will no longer automatically pay for barristers in personal insolvency cases

Changes to the funding structure of the government’s mortgage arrears assistance scheme mean solicitors will have to show why they need a barrister for each case.

From TheJournal.ie Government scheme to help families in mortgage distress 'fails 70% who turn to it' Abhaile

Government scheme to help families in mortgage distress 'fails 70% who turn to it'

Just 30% of those who engaged with Abhaile’s financial advice have a solution in place or are on track for one.

From TheJournal.ie 'History will judge this': Experts see little change in bank culture after scandals and protests Dragging Their Heels

'History will judge this': Experts see little change in bank culture after scandals and protests

People who are working every day with customers in arrears say lenders are still refusing to cooperate in any significant way.

From TheJournal.ie 'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin Fair Mortgage Bill

'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin

Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.

From TheJournal.ie Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages Sell Off

Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages

Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.

From TheJournal.ie Union says KBC staff 'extremely upset and stressed' by recent incidents Security

Union says KBC staff 'extremely upset and stressed' by recent incidents

KBC Ireland said it is taking additional measures to ensure the safety of its staff.

From TheJournal.ie The myth of the free council house: 'We're not just handing them over, that would be crazy' Social Housing

The myth of the free council house: 'We're not just handing them over, that would be crazy'

Dublin City Council tenants paid a total of €78.3 million in rent last year.

From TheJournal.ie Almost 7,000 loans in arrears held by 'unregulated loan owners' Vulture Funds

Almost 7,000 loans in arrears held by 'unregulated loan owners'

Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.

From TheJournal.ie No vulture fund or bank has ever been sanctioned for breaching the code of conduct Great Irish Sell Off

No vulture fund or bank has ever been sanctioned for breaching the code of conduct

The Central Bank said no sanctions have been put in place since the Code of Conduct on Mortgage Arrears commencement in 2009.

From TheJournal.ie FactCheck: Are there really 20,000 possession cases before the courts? Arrears

FactCheck: Are there really 20,000 possession cases before the courts?

There has been a slowdown in the number of cases being issued, but it is unclear where exactly the situation stands now.

From TheJournal.ie FactCheck: Has the number of cases taken by banks over arrears halved in two years? Factcheck

FactCheck: Has the number of cases taken by banks over arrears halved in two years?

Brendan Burgess claims there is “no tsunami” of arrears cases now.

From TheJournal.ie Mica scandal: Family living in 'falling down house' finds out mortgage has been sold to vulture fund Concrete

Mica scandal: Family living in 'falling down house' finds out mortgage has been sold to vulture fund

Just a month before the government announced a redress scheme for the thousands of impacted homeowners, Karl Murtagh was told his mortgage had been sold.

From TheJournal.ie Call for householders to be given free legal aid to address 'power imbalance' during reposessions Arrears

Call for householders to be given free legal aid to address 'power imbalance' during reposessions

Minister Charlie Flanagan today praised the success of the Abhaile legal advice scheme, but did not indicate it would be extended to provide full representation.

From TheJournal.ie Ulster Bank sold mortgages to vulture fund despite offer to buy loans for mortgage to rent Arrears

Ulster Bank sold mortgages to vulture fund despite offer to buy loans for mortgage to rent

The vulture fund that bought the loans has confirmed it is not currently putting forward cases for this scheme.

From TheJournal.ie 'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund Sell Off

'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund

‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.

From TheJournal.ie Ulster Bank to sell 5,200 'non-performing' mortgages to vulture fund Arrears

Ulster Bank to sell 5,200 'non-performing' mortgages to vulture fund

The portfolio, worth €1.4 billion, is to be sold to Cerberus Capital Management LP.

From TheJournal.ie How many mortgage holders were taken to the High Court by banks so far this year? Repossessions

How many mortgage holders were taken to the High Court by banks so far this year?

The numbers are down on recent years but there still has been almost 300 cases initiated in the High Court.

From TheJournal.ie 'Say no to vulture funds': Applause breaks out as TD calls for support for new law aimed at keeping people in their homes Housing Crisis

'Say no to vulture funds': Applause breaks out as TD calls for support for new law aimed at keeping people in their homes

The bill, written by the Master of the High Court Edmund Honohan, was introduced in the Dáil today.

From TheJournal.ie Storm Emma caused higher levels of mortgage arrears as customers missed in-branch payments Debt

Storm Emma caused higher levels of mortgage arrears as customers missed in-branch payments

The number of accounts in arrears over 720 days has fallen but these cases still account for 41% of all accounts in arrears.

From TheJournal.ie 'One thousand days like this': High Court Master questions banks on their 'pressing need' to evict people Arrears

'One thousand days like this': High Court Master questions banks on their 'pressing need' to evict people

This week Edmund Honohan again highlighted the need for a legal aid system in repossession cases.

From TheJournal.ie 'This is a human crisis': David Hall believes 17,000 families will have homes repossessed Mortgage Arrears

'This is a human crisis': David Hall believes 17,000 families will have homes repossessed

Hall told the Finance Committee that a narrative has been fostered that people in long-term arrears are “messers”.

From TheJournal.ie Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds Vultures

Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds

Executives blamed the European regulator for the classification of these loans as non-performing.

From TheJournal.ie PTSB chief refuses to appear before Finance Committee next week over loan sale Vulture Funds

PTSB chief refuses to appear before Finance Committee next week over loan sale

The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.

From TheJournal.ie Mortgages sell-off will disrupt already-volatile housing market, charities warn Vulture Fears

Mortgages sell-off will disrupt already-volatile housing market, charities warn

Ulster Bank said today that it would be looking to offload around 7,000 mortgages on top of PTSB’s proposed 18,000.

From TheJournal.ie 'They're for the chop': High Court Master says 'wave of repossessions' on the horizon Mortgage Arrears

'They're for the chop': High Court Master says 'wave of repossessions' on the horizon

Master Honohan asked if it’s a “sick joke” that people writing to the Taoiseach were told to seek help from Abhaile.

From TheJournal.ie High Court Master writes new legislation to help keep people in their homes New Laws

High Court Master writes new legislation to help keep people in their homes

The bill would give greater powers to the government’s Abhaile scheme and provide stronger protections for people who are in debt.

From TheJournal.ie 'There is a solution for everybody': Debtors urged not to put their heads in the sand in 2018 Arrears

'There is a solution for everybody': Debtors urged not to put their heads in the sand in 2018

Legal and financial experts say there are ways they can help – especially if people come to them at an early stage.

From TheJournal.ie Poll: Should the State relax free legal aid rules to cover more arrears cases? Your Say This post contains a poll

Poll: Should the State relax free legal aid rules to cover more arrears cases?

More than 30,000 accounts have been in arrears for more than two years.

From TheJournal.ie High Court Master says government's legal advice scheme is 'a scam' Abhaile

High Court Master says government's legal advice scheme is 'a scam'

Edmund Honohan criticised the government for failing to deliver systems it had promised to help keep people in their homes.

From TheJournal.ie Poll: Should Ireland have a separate court to deal with mortgage arrears cases? Your Say This post contains a poll

Poll: Should Ireland have a separate court to deal with mortgage arrears cases?

Ten percent of home mortgage accounts in this country are in arrears.

From TheJournal.ie High Court Master lashes KBC and tells father in arrears to write to Taoiseach Dear Leo

High Court Master lashes KBC and tells father in arrears to write to Taoiseach

Edmund Honohan: ‘What kind of a way is that for a bank to approach its customers?’

From TheJournal.ie Farmer sues receiver and 'vulture fund' who have threatened to sell his stock Arrears

Farmer sues receiver and 'vulture fund' who have threatened to sell his stock

He fears such action would destroy his business, the High Court has heard.

From TheJournal.ie Man with intellectual disabilities loses control of income after spending money on dating sites Extortion

Man with intellectual disabilities loses control of income after spending money on dating sites

The man’s food and rent bills have fallen into arrears by almost €2,000.

From TheJournal.ie 'Deal with your debt problems': The number of people seeking insolvency is on the rise Insolvency

'Deal with your debt problems': The number of people seeking insolvency is on the rise

€588 million worth of insolvency applications were made between April and June this year.

From TheJournal.ie Women being 'forced into homelessness' as former partners refuse to sign arrears deals Mortgages

Women being 'forced into homelessness' as former partners refuse to sign arrears deals

Sinn Féin’s Peadar Tóibin raised a number of examples that he said fall outside the remit of processes the government put in place to protect people.

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