US funds buy majority of IBRC mortgage loan book

Two US investment funds have bought nearly two thirds of a €1.8bn mortgage loan book from IBRC.

US funds buy majority of IBRC mortgage loan book
Tue, 01 Apr, 2014 - 19:23

Two US investment funds have bought nearly two thirds of a €1.8bn mortgage loan book from IBRC.

Lone Star and Oaktree Capital Managment, who bought the former Irish Nationwide mortgages, say they will follow the Central bank's code of conduct on mortgage arrears.

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CourtsBusinessHeathrowPlace: USPerson: Minister for FinancePerson: Michael NoonanOrganisation: IBRCOrganisation: Lone StarOrganisation: Oaktree Capital ManagmentOrganisation: Nationwide
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