Finance worry at response to mortgage data query

The Department of Finance has expressed disquiet with Central Bank governor Patrick Honohan for failing to share full information on mortgage matters before the Dáil.

Second secretary with the department Ann Nolan wrote to Mr Honohan over Fine Gael TD Jim Daly’s query for the need for the Central Bank to clarify the number of distressed mortgages converted from tracker to variable rates as part of restructuring solutions offered to borrowers.

Ms Nolan enclosed the Dáil debate on the issue, where Mr Daly told the Dáil he has “been sent around the houses and down every avenue” by the Central Bank in pursuit of the information.