Mortgages in arrears of over 90 days fall

Figures from the Department of Finance show that the number of mortgages in arrears of more than 90 days has declined to just under 79,500.

The figures show a rise in the number of mortgages classified as permanently restructured up to nearly 54,000, up 2,781 since December.

However, David Hall of the Irish Mortgage Holders’ Association questioned the validity of a huge number of those restructured loans where the banks had used either term extension or arrears capitalisation.