Economist says Permanent TSB mortgage sell-off won't lead to flood of repossessions

A leading economist says Permanent TSB's proposal to sell mortgages to a vulture fund will not lead to wide-scale repossessions.

Economist says Permanent TSB mortgage sell-off won't lead to flood of repossessions
Tue, 20 Feb, 2018 - 09:10

A leading economist says Permanent TSB's proposal to sell mortgages to a vulture fund will not lead to wide-scale repossessions.

The bank plans to sell 20,000 distressed loans at a value of around €4bn.

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