Sunday 22 May, 2022
‘Irish courts are not fully applying EU requirements that have become our lifeline.’
In many areas property is simply unaffordable, again – yet our political class seems to regard the ‘recovery’ in property prices as only a good thing.
The IMHO is playing hardball, and will today launch a controversial ‘no surrender’ policy on debt solutions.
Debts owed across the board continue to fall, but buy-to-let loans are coming down at a slower rate.
The mortgage holder’s advocate has struck a deal with two major banks and hopes more will follow.
The Justice Minister has said that the personal insolvency bill will be enacted through both Oireachtas houses by 20 December and will become operative next year.
The failings of Government to take simple steps to help mortgage holders has caused further damage – and the Insolvency Bill is by no means our saviour, writes David Hall.
What bankrupt developer of faulty apartments used to live in a mansion like this?
County by county survey shows that there are still “substantial losses to be realised on irish residential mortgage loans”.
The new regime reforms our bankruptcy laws, and aims to help the likes of struggling mortgage holders out of debt.
New data shows German inflation at its lowest for 18 months – meaning less pressure on the ECB to keep rates up.
Aggressive banks are making mortgage resolution impossible, writes David Hall of New Beginning – and suggests a way to restore trust between lenders and borrowers.
Janice Sparhawk, 72, had fallen behind on her mortgage. So her grandson Noah sprang into action.
Mortgage holders will give up their properties and become tenants under the programme designed to help people in debt.
The cabinet has approved a draft Bill allowing debts to be written off outside of court, while bankruptcy rules are also changed.
State-owned financial institution should be forced to reduce its “punitive” mortgage rate, Dáil hears.
New figures from the Central Bank show the number of mortgages in arrears has risen significantly.
James McKay told TheJournal.ie how he cannot meet his mortgage payments because his bank is not cooperating.
The finance minister has defended proposals in the government’s Keane report on mortgage debt.
The Keane Report, independent TD Stephen Donnelly notes, cites “inappropriate mortgage-holder behaviour”. It does not mention “inappropriate banker behaviour”.
The government’s much-touted plan for homeowners “gives no solutions”, according to David Hall of New Beginning.
People behind on mortgage payments face humiliating personal interrogation from their bankers. We need a new independent solution, writes David Hall of New Beginning.
Michael McGrath believes the ‘worst case scenario’ that went into the stress tests is now a reality – and it’s going to get worse.
Governor Patrick Honohan told Oireachtas committee that Central Bank checking that institutions are following its code in tackling mortgage arrears: “They are behind the curve”.
With 60 people a day begging for help with their debts, we must take action now, writes David Hall of New Beginning.
Finance Minister lays out the challenging state of the economy at Oireachtas Finance Committee – but says public finances “remain on track”.
Economist Ronan Lyons sifts through the myths and figures being thrown about in the debate about whether there should be mortgage debt forgiveness.
The party denies it but that appears to be at odds with the differing lines ministers gave on the much talked about issue yesterday.
The campaign to have debt forgiveness introduced for those unable to meet their home loan payments is gathering voice. Do you think there should be such a scheme?
Chorus of calls for Government to organise a mortgage debt relief scheme for worst-off householders builds to crescendo – and now a government junior minister is backing it…
However, the Central Bank says new measures to make mortgage lenders help customers make more manageable arrangements for repayments are in force.
