Permanent TSB’s sale of family home loans to Lone Star is a disaster, according to the Irish Mortgage Holders Organisation (IMHO) who called on the Government to provide alternative solutions to mortgages in long-term arrears.
Thu, 02 Aug, 2018
Permanent TSB may seek to securitise the €900m in so-called split mortgages it has decided to strip out from its distressed mortgage sales plan, marking “a very messy” and potentially costly outcome to a sales process mired in political controversy, said Owen Callan, a senior analyst at Investec Ireland.
Thu, 17 May, 2018
Issues surrounding distressed debt are growing in importance but, as Alan McGee points out, a number of schemes are already in place that can lead to equitable solutions THE recent controversy over the impending sale of non performing loans by PTSB, AIB and Ulster Bank has once again raised public awareness of dealing with distressed debt.
Thu, 01 Mar, 2018