Experts: Mortgage arrears distress still too high

The number of cases of mortgage arrears has fallen but the home loans debt crisis is still far from being settled, experts have said.

Central Bank figures published yesterday showed t mortgage arrears of any duration on the main home fell to 82,092 at the end of June, down from 98,155 cases a year earlier.

The number of accounts in arrears for over 90 days — the first significant period when banks start recognising arrears — amounted to 7.8% of all outstanding home loan accounts, down from 9.3% in June 2015.