restructured Archives - MyHome.ie Advice & Blog

Over 58,000 mortgage arrears not resolved by end of February

By the end of January there were 58,449 mortgages in arrears of 90 days or more that were still to be restructured, a drop of 777 compared to the end of December last, according to latest Deptartment of Finance figures. Engagement between consumers and lenders…

Noonan insists Central Bank can address mortgage arrears

General, Home, Mortgages & Money, Property News

Finance Minister Michael Noonan has told the the Oireachtas Select Sub-Committee on Finance that the Central Bank has the power to require the banks to meaningfully address the mortgage arrears problem. The Minister said it would no longer be acceptable for banks to apply short…

Banks restructured more than 49,000 mortgages by end of October

General, Home, Mortgages & Money, Property News

More than 49,000 mortgages had been restructured by Irish banks by the end of October, according to data from the Department of Finance. The latest Mortgage Arrears Data shows that 49,032 mortgages on principal dwellings had been permanently restructured by the end of the month…

Mortgage arrears slowing at Bank of Ireland

General, Home, Mortgages & Money, Property News

The pace of mortgage arrears formation is continuing to decrease at Bank of Ireland. In an interim management statement, the bank said that 86% of those customers whose mortgages have been restructured to facilitate lower levels of repayment are meeting the revised terms. It added…

AIB debt writedowns: good idea or bad idea

General, Home, Mortgages & Money, Property News

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 off unustainable debt for certain borrowers. Mr Duffy said the bank would look at the “principle of affordability” of borrowers'…

37,000 buy to let mortgages in arrears

General, Home, Industry News, Mortgages & Money, Property News, The Investor

37,000 buy to let mortgages are in arrears, according to new figures from the Central Bank. A presentation this morning by Credit Institutions and Insurance Supervision director Fiona Muldoon also revealed that a further 11,000 buy to let mortgages are restructured and not in arrears.…

Debt relief

Property News

[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 forgiveness and whether it was a good or bad idea. In yesterday's Independentthere was an article about the upcoming debt…