Families set to be ‘robbed’ of their homes

AN avalanche of repossessions “robbing” cash-strapped families of their homes will follow the creation of NAMA, opposition leaders have warned.

Fine Gael and Labour joined forces to plead with Finance Minister Brian Lenihan to launch a rescue lifeline package for people falling behind with mortgages as the controversial NAMA legislation was pushed through the Dáil.

Labour finance spokesperson Joan Burton predicted “reckless lenders” were only holding off on going after families in financial difficulties until they had secured the €54bn deal from the State to take toxic developer loans off their hands.