Regulation of mortgage brokers to be reviewed

THE Government is to examine laws regulating mortgage brokers after the case of a debt-ridden family affected by suicide was raised in the Dáil.

Junior Finance Minister Brian Hayes made the vow yesterday. The Irish Examiner earlier this week highlighted the story of Jennifer (not her real name), whose husband took his own life. She now faces the loss of the family home.

Fine Gael TD Paschal Donohue yesterday raised the plight of the widow and her late husband, who had secured a €300,000 remortgage loan through a broker despite being on social welfare, facing arrears and only having a small income from a fruit and veg stall.