AIB debt writedowns: good idea or bad idea
There was possible good news for those struggling with their mortgages this week when AIB chief executive David Duffy said that the lender would write…
debt forgiveness
Taoiseach calls on banks to engage with those in mortgage arrears
The Taoiseach Enda Kenny has told banks to "get up and do it now" and engage with mortgage holders in distress. It comes after the…
Permanent TSB chief warns about mortgage debt relief
Permanent TSB chief executive Jeremy Masding said Irish banks would need more capital should they become overly lax on mortgage debt forgiveness and variable-loan interest…
Moody's expect debt forgiveness for unsustainable mortgages
International ratings agency Moody’s expects debt forgiveness to become the normal way to deal with unsustainable mortgage debt in Ireland. In a note issued yesterday,…
Thousands struggling to pay mortgages could have repayments cut under new plan
Thousands of people struggling to pay their mortgages could see their monthly repayments fall by up to a third if proposals from international financial services…
Up to a quarter of those in mortgage arrears may be doing so "strategically", claims Deeter
Karl Deeter of Irish Mortgage Brokers has expressed his view that up to a quarter of mortgage holders in arrears may be deliberately delaying payments…
Quarter of all Irish mortgage debt susceptible to write-down
A quarter of all Irish mortgage debt is susceptible to a write-down under proposals contained in the Personal Insolvency bill, it was claimed today. Ratings…
Debt relief
[poll id="13"] [poll id="14"] [poll id="15"] [poll id="16"] One of the most popular (by comments) blogs we ever had on the site was about debt…
'Ming' Flanagan calls for mortgage debt forgiveness
OUTSPOKEN TD Deputy Luke ‘Ming’ Flanagan has accused Minister of Finance Michael Noonan of being ‘cruel’ in his handling of the country’s mortgage crisis. Speaking…