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.
The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.
The housing body has also made 571 further deals to buy distressed mortgages and many of these will move forward this year.
Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.
The Central Bank said no sanctions have been put in place since the Code of Conduct on Mortgage Arrears commencement in 2009.
Finance Minister Paschal Donohoe said there will be no change to the code of conduct, as it is working effectively.
The vulture fund that bought the loans has confirmed it is not currently putting forward cases for this scheme.
The bank has confirmed that performing loans and customers who have engaged will also be sold off.
A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.
Brendan Burgess said people’s lives may have been destroyed, but that may not have been because of the overcharging.
Hall told the Finance Committee that a narrative has been fostered that people in long-term arrears are “messers”.
Independent TD Mattie McGrath raised her case in the Dáil, telling the Minister for Justice that she had refused to surrender her house to receivers.
The head of the insolvency service said banks are challenging proposals “on as many fronts as possible”.
Under the scheme, a mortgage holder will surrender their property and rent it back.
The former interim CEO of Console thinks the regulator needs more powers.
All charity services will be transferred with immediate effect.
David Hall was granted permission to enter the unit by Mr. Justice Paul Gilligan this afternoon.
Meanwhile, Mary Lou McDonald is not happy with James Reilly’s statement about the charity.
A new survey explores the impact debt has on people’s mental health.
Jackie Crowe came to national notice last year in a TV3 documentary ‘Jackie’s Story: My Life, My Legacy’.
Kate Scully Owens was seriously injured in a car accident two weeks ago.
Those who qualify for social housing can sell their homes and not be pursued for the outstanding debt.
Are lenders cutting off their nose to spite their face?
Whatever action the government takes on Ireland’s housing debt crisis will be the ‘biggest political decision since Irish Water’ according to a householders’ group.
It has been predicted that the number of home repossessions will grow significantly.
The mortgage debt advocate has slammed the planned mortgage-to-rent scheme.
A recently discovered flaw in insolvency law won’t be fixed until September.
The ISI has defended the low level of debt deals, but is under attack over the pace of its work.
David Hall, Director of the Irish Mortgage Holders’ Organisation, said it is “sickening” that it’s cheaper for banks to repossess a house than it is to participate in the scheme.
David Hall has criticised the decision of the bank and its sub-prime unit for its decision to sell the two loan books of impaired mortgages.
The IMHO is playing hardball, and will today launch a controversial ‘no surrender’ policy on debt solutions.
Demonstrators have been accused of “thuggish” behaviour for staging their action while elderly patients were nearby.
Ruth Coppinger joins Joe Higgins in the Dáil as the strong left vote in Dublin West paid dividends for the Socialists.
Discussions on a new grouping could already be under way, according to this morning’s papers.
David Hall, best known as a mortgage debt campaigner, says he was asked for €10,000 for a video which appears to show him making race-based remarks.
Hall, a former member of Fianna Fáil, launched his bid for the Dáil seat in Dublin West in the capital today.
The prominent mortgage arrears campaigner confirmed early this morning that he will run in the 23 May by-election.
Hall says that he feels an independent voice should fill the seat vacated by Patrick Nulty.
“One bank’s sustainable solution could be another bank’s unsustainable mortgage leading to repossession proceedings,” Fianna Fáil’s Michael McGrath said today.
The partnership deal between AIB and the IMHO has been hailed a success by the two groups.