Honohan critical of Noonan over mortgage changes

Patrick Honohan hit out at Mr Noonan in a letter last May, saying he was “surprised” to hear of the measures despite a lack of discussion “formally or informally” with the body.
Under rules announced by the Department of Finance last summer but yet to be implemented, the Government suggested a “mortgage insurance” initiative to help people buy homes if they did not have a full deposit.