John Moran: Clock is ticking to settle long-term mortgage arrears misery

A well-designed system of mortgage interest supplements can ensure the availability of enough ethical long-term funding to solve this mortgage arrears crisis

There is still a large number of home mortgages that are in arrears, and a significant slice of people who are in arrears have been so for more than 10 years.

What I am presenting here is a plea, or proposing a new year resolution for bankers, fund managers, and politicians to take a new approach to mortgage arrears in Ireland.

Back in October 2012, I broke from standard Civil Service practice in calling publicly for solutions that involve a much more dramatic write-off of debt for households that were facing levels of mortgage debt that they could never pay off.