Fianna Fáil Senator Marc MacSharry has called for substantive action on the mortgage crisis which is impacting thousands of families across the country.
Senator MacSharry said: “Two Bills dealing with mortgage arrears have been introduced by Fianna Fáil which offered tangible solutions to the problem. There has been too much focus on the so-called systemic importance of the banks. It is time we realised the systemic importance of our people to the future of the country. We cannot continue to have a situation where families are overburdened with unsustainable debt and unable to contribute in the domestic economy.
“I welcome reports that a non-judicial resolution process for mortgage arrears could be introduced. However I must stress that any such system must seek to keep families in their homes.”