Women being 'forced into homelessness' as former partners refuse to sign...
Sinn Féin’s Peadar Tóibin raised a number of examples that he said fall outside the remit of processes the government put in place to protect people.
View Article'Deal with your debt problems': The number of people seeking insolvency is on...
€588 million worth of insolvency applications were made between April and June this year.
View ArticleMan with intellectual disabilities loses control of income after spending...
The man’s food and rent bills have fallen into arrears by almost €2,000.
View ArticleFarmer sues receiver and 'vulture fund' who have threatened to sell his stock
He fears such action would destroy his business, the High Court has heard.
View ArticleHigh Court Master lashes KBC and tells father in arrears to write to Taoiseach
Edmund Honohan: ‘What kind of a way is that for a bank to approach its customers?’
View ArticlePoll: Should Ireland have a separate court to deal with mortgage arrears cases?
Ten percent of home mortgage accounts in this country are in arrears.
View ArticleHigh Court Master says government's legal advice scheme is 'a scam'
Edmund Honohan criticised the government for failing to deliver systems it had promised to help keep people in their homes.
View ArticlePoll: Should the State relax free legal aid rules to cover more arrears cases?
More than 30,000 accounts have been in arrears for more than two years.
View Article'There is a solution for everybody': Debtors urged not to put their heads in...
Legal and financial experts say there are ways they can help – especially if people come to them at an early stage.
View ArticleHigh Court Master writes new legislation to help keep people in their homes
The bill would give greater powers to the government’s Abhaile scheme and provide stronger protections for people who are in debt.
View Article'They're for the chop': High Court Master says 'wave of repossessions' on the...
Master Honohan asked if it’s a “sick joke” that people writing to the Taoiseach were told to seek help from Abhaile.
View ArticleMortgages sell-off will disrupt already-volatile housing market, charities warn
Ulster Bank said today that it would be looking to offload around 7,000 mortgages on top of PTSB’s proposed 18,000.
View ArticlePTSB chief refuses to appear before Finance Committee next week over loan sale
The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.
View ArticleEven PTSB customers who are meeting revised loan terms will have mortgages...
Executives blamed the European regulator for the classification of these loans as non-performing.
View Article'This is a human crisis': David Hall believes 17,000 families will have homes...
Hall told the Finance Committee that a narrative has been fostered that people in long-term arrears are “messers”.
View Article'One thousand days like this': High Court Master questions banks on their...
This week Edmund Honohan again highlighted the need for a legal aid system in repossession cases.
View ArticleStorm Emma caused higher levels of mortgage arrears as customers missed...
The number of accounts in arrears over 720 days has fallen but these cases still account for 41% of all accounts in arrears.
View Article'Say no to vulture funds': Applause breaks out as TD calls for support for...
The bill, written by the Master of the High Court Edmund Honohan, was introduced in the Dáil today.
View ArticleHow many mortgage holders were taken to the High Court by banks so far this...
The numbers are down on recent years but there still has been almost 300 cases initiated in the High Court.
View ArticleUlster Bank to sell 5,200 'non-performing' mortgages to vulture fund
The portfolio, worth €1.4 billion, is to be sold to Cerberus Capital Management LP.
View Article'Mary' is recovering from cancer and her mortgage - in €29k arrears - has...
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
View ArticleUlster Bank sold mortgages to vulture fund despite offer to buy loans for...
The vulture fund that bought the loans has confirmed it is not currently putting forward cases for this scheme.
View ArticleCall for householders to be given free legal aid to address 'power imbalance'...
Minister Charlie Flanagan today praised the success of the Abhaile legal advice scheme, but did not indicate it would be extended to provide full representation.
View ArticleMica scandal: Family living in 'falling down house' finds out mortgage has...
Just a month before the government announced a redress scheme for the thousands of impacted homeowners, Karl Murtagh was told his mortgage had been sold.
View ArticleFactCheck: Has the number of cases taken by banks over arrears halved in two...
Brendan Burgess claims there is “no tsunami” of arrears cases now.
View ArticleFactCheck: Are there really 20,000 possession cases before the courts?
There has been a slowdown in the number of cases being issued, but it is unclear where exactly the situation stands now.
View ArticleNo vulture fund or bank has ever been sanctioned for breaching the code of...
The Central Bank said no sanctions have been put in place since the Code of Conduct on Mortgage Arrears commencement in 2009.
View ArticleAlmost 7,000 loans in arrears held by 'unregulated loan owners'
Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.
View ArticleThe myth of the free council house: 'We're not just handing them over, that...
Dublin City Council tenants paid a total of €78.3 million in rent last year.
View ArticleUnion says KBC staff 'extremely upset and stressed' by recent incidents
KBC Ireland said it is taking additional measures to ensure the safety of its staff.
View ArticleVaradkar says he's reluctant to use the term 'vulture fund' to describe firms...
Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.
View Article'It's your job to call the vulture funds out': High Court Master pens letter...
Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.
View Article'History will judge this': Experts see little change in bank culture after...
People who are working every day with customers in arrears say lenders are still refusing to cooperate in any significant way.
View ArticleGovernment scheme to help families in mortgage distress 'fails 70% who turn...
Just 30% of those who engaged with Abhaile’s financial advice have a solution in place or are on track for one.
View ArticleState will no longer automatically pay for barristers in personal insolvency...
Changes to the funding structure of the government’s mortgage arrears assistance scheme mean solicitors will have to show why they need a barrister for each case.
View ArticleCabinet to consider Bill to help borrowers in mortgage arrears
The Bill aims to broaden the matters a judge needs to take into account when considering repossessions.
View ArticleConcerns over letters sent to mortgage-holders demanding full payment of...
The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.
View ArticleExperts say 'vulture friendly' commentary from government is 'dangerous'
An Oireachtas committee yesterday heard legislation is needed to ensure banks cannot sell mortgages to vulture funds without a customer’s consent.
View ArticleTaoiseach asks for details about letters sent to mortgage-holders demanding...
Taoiseach has said it is now time for to review the tax treatment of vulture funds.
View ArticleUlster Bank sells portfolio of 3,175 mortgages to Pepper
There are 2,800 home loans and 375 buy-to-let loans included in the portfolio.
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