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Mortgages & Money
First time buyers less likely to default

First time buyers less likely to default

Research from the Central Bank shows that first time buyers have lower default rates than other participants in the housing market. A recent economic letter from the Central Bank says this could be down to a number of reasons, including the fact that first time buyers do…
Mortgage defaults on the rise

Mortgage defaults on the rise

The number of Irish mortgages in default continues to rise, according to the latest analysis of statistics by ratings agency Moody’s. The performance of the Irish prime residential mortgage-backed securities (RMBS) market “steadily worsened” during the three months to October 2012, according to Moody’s. From…