Bank can’t force lenders to write off home loan debt

The Central Bank can’t compel lenders to write down distressed mortgage debt rather than selling on the loans, but will continue to ensure all types of mortgage lenders follow the regulator’s code of conduct, governor Philip Lane has said.

Bank can’t force lenders to write off home loan debt
Thu, 10 May, 2018 - 08:30

By Eamon Quinn

The Central Bank can’t compel lenders to write down distressed mortgage debt rather than selling on the loans, but will continue to ensure all types of mortgage lenders follow the regulator’s code of conduct, governor Philip Lane has said.

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