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#Great Irish Sell Off

Ulster Bank sells off nearly 4,000 of its customers in massive family home loan book sale
# Mortgage Sale
From TheJournal.ie
# Mortgage Sale

Ulster Bank sells off nearly 4,000 of its customers in massive family home loan book sale

Jul 2nd 2019, 7:12 PM 28,353 Views 92 Comments

90% of the loans due to be sold are family homes – about 3,200 accounts.

Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil
# Great Irish Sell Off
From TheJournal.ie
# Great Irish Sell Off

Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil

Updated Jan 31st 2019, 6:14 PM 39,108 Views 76 Comments

The Bill puts into law what already exists at the moment as a voluntary Central Bank code

PTSB transfers thousands more of its customers to vulture fund servicer
# Sold
From TheJournal.ie
# Sold

PTSB transfers thousands more of its customers to vulture fund servicer

Nov 29th 2018, 5:08 PM 39,491 Views 80 Comments

Many of the mortgage-holders sold today had engaged with the bank and reached arrangements.

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

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

Nov 24th 2018, 8:00 AM 12,370 Views 30 Comments

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

Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'
# Vulture Funds
From TheJournal.ie
# Vulture Funds

Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'

Feb 22nd 2018, 4:02 PM 18,572 Views 88 Comments

Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.

Minister concedes homeowners who engaged with PTSB may not have deals honoured
# Vulture Funds
From TheJournal.ie
# Vulture Funds

Minister concedes homeowners who engaged with PTSB may not have deals honoured

Feb 21st 2018, 3:44 PM 23,632 Views 122 Comments

PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.

'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off
# Political Battle
From TheJournal.ie
# Political Battle

'Many have made no payments at all for years': PTSB defends controversial €3.7 billion mortgage sell off

Feb 20th 2018, 8:42 PM 39,305 Views 189 Comments

The proposed sell-off has become the subject of a political battle in recent days.

'It's not fair': Fianna Fáil poised to block PTSB loan sale to 'unregulated' vulture funds
# Fire Sale
From TheJournal.ie
# Fire Sale

'It's not fair': Fianna Fáil poised to block PTSB loan sale to 'unregulated' vulture funds

Feb 19th 2018, 9:18 AM 25,255 Views 116 Comments

The bank, which is 75% owned by the State, plans to sell off a loan book worth €4 billion.

'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale
# Fire Sale
From TheJournal.ie
# Fire Sale

'You're throwing people to the vulture funds': Government criticised for taking no action to halt PTSB loan sale

Feb 15th 2018, 1:52 PM 21,452 Views 120 Comments

PTSB, which is 75% owned by the State, states it is selling off non-performing loans.

'Farmers are at their wit's end': Losing your land, home and income at the hands of vulture funds
# Great Irish Sell Off
From TheJournal.ie
# Great Irish Sell Off

'Farmers are at their wit's end': Losing your land, home and income at the hands of vulture funds

Apr 9th 2017, 8:15 AM 21,844 Views 55 Comments

The IFA says if vulture funds come after farmers they’ll have to get to them through them first.

'Out of the blue, we got a letter to say our loans had been sold to a vulture fund'
# Great Irish Sell Off
From TheJournal.ie
# Great Irish Sell Off

'Out of the blue, we got a letter to say our loans had been sold to a vulture fund'

Jan 9th 2017, 12:05 AM 59,098 Views 108 Comments

Housing has become the biggest issue for hundreds of thousands of people in Ireland.