It comes as new Central Bank figures show that long-term arrears “are entrenched” as ever, with 27,979 mortgage accounts in arrears for over two years at the end of March -- an unexpected increase since the start of the year, said the senior policy analyst at the Free Legal Advice Centres, or Flac.
Thu, 13 Jun, 2019
The only solution to the country’s deep-seated mortgages arrears problem is for banks to write off debt for households who have faced long-term distress, the country’s leading debt advocate has said, as new figures showed the banks were making slow progress in resolving the home loans crisis.
Fri, 23 Mar, 2018
An insolvency expert, who was involved in a landmark High Court debt case, has urged local authorities to avail of an underused government-backed initiative to help ease the mortgage arrears crisis.
Thu, 21 Apr, 2016
The European Commission has cited a number of “possible national solutions” to the tracker problem crippling the Irish banking system in its latest report on the Irish economy — ruling out official support from either the ESM or the ECB.
Fri, 07 Mar, 2014