Vulture deal will will see ‘mass homelessness’

The Irish Mortgage Holders Organisation is warning that Ulster Bank’s sale of €1.4bn worth of home loans to US fund Cerberus is evidence that even homeowners who fall behind in their mortgage repayments but engage with their lender can see their loan sold to a vulture fund.

Vulture deal will will see ‘mass homelessness’
Wed, 15 Aug, 2018 - 06:20

By Joe Leogue

The Irish Mortgage Holders Organisation is warning that Ulster Bank’s sale of €1.4bn worth of home loans to US fund Cerberus is evidence that even homeowners who fall behind in their mortgage repayments but engage with their lender can see their loan sold to a vulture fund.

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