Homeowners adopting 'wait and see' tactic on arrears, Honohan claims

The Central Bank governor has said some struggling mortgage customers have adopted a 'wait and see approach' to dealing with their arrears.

The Governor of the Central Bank claims some struggling mortgage customers have adopted a 'wait and see approach' to dealing with their arrears.

In a speech today, Patrick Honohan said that while he doesn't believe there are strategic mortgage defaulters, some borrowers are not facing up to the fact that they must repay their loans.