debtors Archives - MyHome.ie Advice & Blog

NAMA's impact on hotel sector "overstated", according to Noonan

Finance Minister Michael Noonan has said NAMA's potential impact on the hotel sector is "overstated". In a written Dáil response, Mr Noonan said NAMA's debtors and receivers control 121 hotels, of which 117 are fully operating and four recently ceased trading. In response to Independent…

NAMA to intervene to help those struggling with high rents

Mortgages & Money, Property News

NAMA has confirmed it will intervene to help tenants struggling with high rents if landlords under the agency's remit are refusing to engage on the issue. The commitment was made by NAMA's chief executive Brendan McDonagh following questioning from Fianna Fáil’s Finance Spokesperson Michael McGrath…

Debtors are co-operating with NAMA, insists Daly

Mortgages & Money, Property News

The majority of debtors are co-operating and will work with the National Asset Management Agency (NAMA) to achieve the best result possible for the taxpayer, NAMA Chairman Frank Daly said today. Speaking to the Oireachtas Joint Committee on the Implementation of the Good Friday Agreement,…

Treasury Holdings to battle NAMA in High Court today

Mortgages & Money, Property News

Treasury Holdings will be in the High Court today in an attempt to overturn NAMA's appointment of receivers to take control of parts its property portfolio. It includes real estate in Dublin's Docklands, St Stephen's Green, Ballymun and beyond, which have been pledged as security…

NAMA to recover €500 million in assets from debtors

Mortgages & Money, Property News

NAMA chairman Frank Daly expects the organisation to recover €500 million in assets that its debtors attempted to put beyond its reach. He said the agency had already secured charges over some of the assets, which were investments which debtors had moved or given to…