Mortgage arrears crisis - Time is running out

Faced with a gathering tsunami of mortgage arrears, it is alarming to learn that the emergency committee set up by the Taoiseach to address this crisis has not met in three months.

With 167,000 mortgage holders still in arrears, decisive action is urgently needed to resolve debts estimated at a staggering €35bn.

While mortgages have been restructured for 57,000 people, their €9bn debt still hangs over them.