Vulture funds own 25% of most indebted loans

Vulture funds now own the loans of more than a quarter of the country’s most indebted mortgage holders, in long-term arrears of more than two years.

Vulture funds own 25% of most indebted loans

New figures released by the Central Bank show that more than 13,000 mortgages in arrears of two years or more are now owned non-bank entities, more commonly known as vulture funds.

This represents 26% of all accounts in arrears of two years or more. Of the 13,000 loans, more than seven in 10 relate to owner-occupiers.

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