Advertisement
Dublin: 6 °C Wednesday 29 September, 2021

#Vulture funds

Opinion: I've returned to Ireland, I'm an entrepeneur on a good living - I can't afford a home
# Ireland's Housing Crisis
From TheJournal.ie
# Ireland's Housing Crisis

Opinion: I've returned to Ireland, I'm an entrepeneur on a good living - I can't afford a home

Updated Sep 2nd 2021, 10:30 AM 84,508 Views 80 Comments

Eoin Hayes returned to Ireland after years abroad, set up his own business and now rents. He says he cannot get near the property ladder.

'I'm not sure TDs were fully informed': High Court Master highlights issues with Covid legislation on vulture funds
# Emergency Legislation
From TheJournal.ie
# Emergency Legislation

'I'm not sure TDs were fully informed': High Court Master highlights issues with Covid legislation on vulture funds

Jun 15th 2021, 6:15 AM 30,752 Views 15 Comments

Judge Edmund Honohon questioned why a sunset clause was not set out in the emergency legislation.

Quiz: How much do you know about cuckoos and vultures?
# Birdbrained
From TheJournal.ie
# Birdbrained

Quiz: How much do you know about cuckoos and vultures?

May 22nd 2021, 10:00 PM 32,684 Views 5 Comments

Don’t get in a flap about this.

Donohoe says government's new housing measures will act as 'strong deterrent' to cuckoo funds
# Housing
From TheJournal.ie
# Housing

Donohoe says government's new housing measures will act as 'strong deterrent' to cuckoo funds

May 19th 2021, 11:43 AM 10,551 Views 74 Comments

The opposition, however, doesn’t agree and the plans have been described as a “too little, too late”.

Opinion: 'The consequences of turning a deaf ear to voters on housing are political dynamite'
# Housing Ireland
From TheJournal.ie
# Housing Ireland

Opinion: 'The consequences of turning a deaf ear to voters on housing are political dynamite'

Updated May 14th 2021, 11:19 AM 22,574 Views 62 Comments

Dr Lorcan Sirr and Orla Hegarty say that to understand the current housing crisis, you must first learn of the history of housing provision in Ireland.

Vulture funds are 'preying on the misery and distress' of farmers
# Leaders' Questions
From TheJournal.ie
# Leaders' Questions

Vulture funds are 'preying on the misery and distress' of farmers

Nov 26th 2020, 3:03 PM 22,990 Views 49 Comments

The Tánaiste said if people borrow money, they have a responsibility to pay it back.

So-called vulture funds and non-bank lenders to allow three-month mortgage break over Covid-19 outbreak
# Central Bank
From TheJournal.ie
# Central Bank

So-called vulture funds and non-bank lenders to allow three-month mortgage break over Covid-19 outbreak

Mar 19th 2020, 6:58 PM 24,172 Views 41 Comments

The Central Bank said this evening that there was no impediment to providing the three-month payment breaks.

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 28,363 Views 92 Comments

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

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

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

May 21st 2019, 8:41 PM 32,910 Views 50 Comments

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

Taoiseach says he didn’t realise his mortgage could be sold on by his bank when he took it out in 2003
# Vulture Funds
From TheJournal.ie
# Vulture Funds

Taoiseach says he didn’t realise his mortgage could be sold on by his bank when he took it out in 2003

Apr 19th 2019, 6:10 AM 115,602 Views 82 Comments

In an interview with TheJournal.ie this week, the Taoiseach said he understood the intent behind Sinn Féin’s No Consent No Sale Bill.

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

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

Apr 13th 2019, 8:30 AM 116,186 Views 110 Comments

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

'Cuckoo funds' shutting out first-time buyers and operating tax-free need urgent review, says FF
# Housing
From TheJournal.ie
# Housing

'Cuckoo funds' shutting out first-time buyers and operating tax-free need urgent review, says FF

Apr 9th 2019, 3:29 PM 20,243 Views 39 Comments

Corporate investors known as so-called ‘cuckoo funds’ have spent over €1.1 billion on nearly 3,000 residential properties in Ireland last year

Finance Minister says he wouldn't mind if his mortgage was held by a vulture fund
# Banks
From TheJournal.ie
# Banks

Finance Minister says he wouldn't mind if his mortgage was held by a vulture fund

Apr 3rd 2019, 6:59 PM 18,872 Views 97 Comments

The minister said the Sinn Fein Bill to give mortgage holders the power to block the sale of their loans to vulture funds is unconstitutional.

'The banks are dictating what happens': TDs say government relying on 'constitution' card to block vulture funds Bill
# Sell Off
From TheJournal.ie
# Sell Off

'The banks are dictating what happens': TDs say government relying on 'constitution' card to block vulture funds Bill

Apr 3rd 2019, 6:15 AM 14,984 Views 35 Comments

Officials were quizzed about their assertions the Bill is unconstitutional and would result in higher mortgage interest rates.

Central Bank to scrap code of conduct for banks on the transfer of mortgages as it's 'not relevant'
# Homeowners' Rights
From TheJournal.ie
# Homeowners' Rights

Central Bank to scrap code of conduct for banks on the transfer of mortgages as it's 'not relevant'

Apr 2nd 2019, 12:05 AM 30,129 Views 35 Comments

Sinn Féin’s No Consent, No Sale Bill aims to puts the code on a statutory footing.

UN says Ireland applies 'preferential tax laws' to vultures funds and it 'cannot continue'
# Housing
From TheJournal.ie
# Housing

UN says Ireland applies 'preferential tax laws' to vultures funds and it 'cannot continue'

Mar 27th 2019, 2:13 PM 28,130 Views 52 Comments

The report states that “landlords have become faceless corporations wreaking havoc with tenants”.

High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds
# Tax Loophole
From TheJournal.ie
# Tax Loophole

High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds

Mar 23rd 2019, 8:30 AM 25,979 Views 38 Comments

Edmund Honohan has said there are many similarities to be drawn with the Apple case being taken.

Taoiseach told that 'banks are as aggressive and as arrogant as the time of the crash' From TheJournal.ie

Taoiseach told that 'banks are as aggressive and as arrogant as the time of the crash'

Mar 3rd 2019, 6:00 AM 38,941 Views 54 Comments

Fianna Fáil TD John McGuinness told the Taoiseach that people are crying out for help.

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 39,134 Views 76 Comments

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

Opinion: Sound the alarm - a proposed EU directive on bad loans will give vulture funds a free rein
# Opinion
From TheJournal.ie
# Opinion

Opinion: Sound the alarm - a proposed EU directive on bad loans will give vulture funds a free rein

Jan 24th 2019, 7:00 AM 18,726 Views 58 Comments

A proposed new EU Directive aims to develop a secondary market for non-performing loans and poses a serious threat to the rights of borrowers and consumers, writes Matt Carthy.

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

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

Jan 11th 2019, 6:15 AM 57,296 Views 74 Comments

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

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

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

Dec 20th 2018, 12:05 AM 22,379 Views 77 Comments

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

Taoiseach vows to close loophole that allows €1.3bn mortgage 'vehicle' not to pay tax
# Mortgage Sell-off
From TheJournal.ie
# Mortgage Sell-off

Taoiseach vows to close loophole that allows €1.3bn mortgage 'vehicle' not to pay tax

Dec 11th 2018, 7:19 PM 34,424 Views 48 Comments

Last week, PTSB bank bosses confirmed that the ‘special purpose vehicle’ which more than 6,000 of its mortgages have been transferred to will be exempt from tax.

Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review
# Mortgage Arrears
From TheJournal.ie
# Mortgage Arrears

Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review

Nov 13th 2018, 10:16 PM 14,132 Views 28 Comments

Finance Minister Paschal Donohoe said there will be no change to the code of conduct, as it is working effectively.

343 homes repossessed over mortgage arrears during second quarter of 2018
# Mortgage Crisis
From TheJournal.ie
# Mortgage Crisis

343 homes repossessed over mortgage arrears during second quarter of 2018

Sep 7th 2018, 5:50 PM 36,988 Views 84 Comments

Tens of thousands of people are still feeling the effects of the mortgage crisis ten years later.

Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale
# Vulture Funds
From TheJournal.ie
# Vulture Funds

Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale

Sep 6th 2018, 6:15 AM 7,253 Views 21 Comments

Last month, PTSB sold its controversial Project Glas loan portfolio to an affiliate of the so-called vulture fund Lone Star for around €1.3 billion.

Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused
# Vulture Funds
From TheJournal.ie
# Vulture Funds

Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused

Sep 4th 2018, 6:40 PM 17,156 Views 43 Comments

Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.

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

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

Aug 18th 2018, 6:30 AM 43,990 Views 97 Comments

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

'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales
# Where's Paschal?
From TheJournal.ie
# Where's Paschal?

'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales

Aug 14th 2018, 7:31 PM 16,503 Views 102 Comments

Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.

Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'
# Interview
From TheJournal.ie
# Interview

Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'

Aug 6th 2018, 6:05 AM 48,405 Views 59 Comments

In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.

PTSB sells thousands of home loan mortgages to vulture fund
# Sell Off
From TheJournal.ie
# Sell Off

PTSB sells thousands of home loan mortgages to vulture fund

Jul 31st 2018, 8:10 PM 39,653 Views 136 Comments

A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.

A 'difficult decision': Ulster Bank confirms it will sell 6,500 mortgages in arrears
# Sell Off
From TheJournal.ie
# Sell Off

A 'difficult decision': Ulster Bank confirms it will sell 6,500 mortgages in arrears

May 10th 2018, 8:47 PM 21,921 Views 83 Comments

Around 3,600 of the mortgages are private dwellings that have fallen in arrears.

'There's power in community': Farmers urged to boycott forced sales of farms by vulture funds
# People Power
From TheJournal.ie
# People Power

'There's power in community': Farmers urged to boycott forced sales of farms by vulture funds

Apr 25th 2018, 12:56 PM 15,876 Views 46 Comments

The IFA has been contacted by around 200 farmers impacted by the issue so far this year.

'It's a gagging order': Department tells councillors not to discuss private planning applications From TheJournal.ie

'It's a gagging order': Department tells councillors not to discuss private planning applications

Mar 15th 2018, 6:30 AM 17,448 Views 44 Comments

Councillors have said the direction from the Department of Housing is an attempt to undermine local democracy.

'Landlord said it was none of his business': Tenants left 'in limbo' after vulture funds buy property
# Receivers
From TheJournal.ie
# Receivers

'Landlord said it was none of his business': Tenants left 'in limbo' after vulture funds buy property

Mar 12th 2018, 12:05 AM 45,041 Views 64 Comments

Housing charity Threshold says numerous renters had contacted it over problems with vulture funds and receivers.

Grafton Street branch of PTSB occupied by anti-vulture fund demonstrators
# Permanent TSB
From TheJournal.ie
# Permanent TSB

Grafton Street branch of PTSB occupied by anti-vulture fund demonstrators

Mar 9th 2018, 4:00 PM 19,684 Views 103 Comments

The protesters accuse the bank of putting the lives of people in almost 20,000 households in jeopardy.

Taking on vulture funds and using State lands: How the opposition is trying to fix Ireland's housing situation
# Rents And Mortgages
From TheJournal.ie
# Rents And Mortgages

Taking on vulture funds and using State lands: How the opposition is trying to fix Ireland's housing situation

Mar 6th 2018, 3:29 PM 9,061 Views 51 Comments

The utilisation of State land for affordable rental properties and the regulation of vulture funds is to be debated in the Dáil.

Protesters deliver a coffin to the door of PTSB, as government agrees to regulate vulture funds
# Mortgage Arrears
From TheJournal.ie
# Mortgage Arrears

Protesters deliver a coffin to the door of PTSB, as government agrees to regulate vulture funds

Feb 27th 2018, 8:41 PM 35,467 Views 53 Comments

The Central Bank is to review their code of conduct for how financial institutions deal with those in mortgage arrears.

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

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

Feb 24th 2018, 7:35 AM 16,966 Views 58 Comments

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.

Dealing with a vulture fund - how these families have coped
# Vultures
From TheJournal.ie
# Vultures

Dealing with a vulture fund - how these families have coped

Feb 24th 2018, 12:05 AM 42,728 Views 159 Comments

With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.

1 2