‘An entire Croke Park of people could end up homeless’

A home repossession “guillotine is on the way down”, dwarfing the current homeless crisis and creating a huge catastrophe.

That is according to the CEO of the Irish Mortgage Holders’ Organisation (IMHO), David Hall, based on a recent discussion he had with a major bank.

“We think we have a problem at the moment, for those of us dealing with people who are in mortgage arrears, there are 33,000 families in arrears of more than two years,” said Mr Hall.