Central Bank: 100,000 home mortgages owned by vulture funds or sub-prime lenders
The accounts in arrears over 10 years account for 11% of all the 47,681 accounts which were in arrears.
Over 100,00 home mortgage accounts in the Republic are now in the hands of vulture funds or sub-prime lenders, new official figures reveal.
The non-traditional lenders own 14% of all the 722,886 home mortgage accounts in the Republic, according to the figures from the Central Bank. They also control over two-thirds of all the home mortgage accounts in arrears for over one year.
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