Mortgage arrears cases still problem
Well over half of the country’s most distressed mortgages will end up in the hands of so-called non-bank firms if the planned home loan sales go ahead, leading legal and debt adviser Paul Joyce has said.
The latest figures from the Central Bank show the number of accounts in arrears for over two years, a category which captures the most distressed loans, was little changed at almost 28,000 at the end of September. The number of early-term arrears representing missed payments up to 90 days fell in the latest quarter, the figures show.
