75. Deputy Bernard J. Durkan asked the Minister for Finance whether consideration might be given to a change in the way investment funds interact with consumers with particular reference to those funds who have bought impaired mortgages at a lower than face value rate, but who continue to exert pressure on the borrower for the full face value of the loan including arrears and interest; if consideration might be given to settlement nearest to price they bought the loan for notwithstanding moral hazard; and if he will make a statement on the matter. [46028/24]

Summary

75. Deputy Bernard J. Durkan asked the Minister for Finance whether consideration might be given to a change in the way investment funds interact with consumers with particular reference to those funds who have bought impaired mortgages at a lower than face value rate, but who continue to exert pressure on the borrower for the full face value of the loan including arrears and interest; if consideration might be given to settlement nearest to price they bought the loan for notwithstanding moral hazard; and if he will make a statement on the matter. [46028/24]

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Timeline

1. 7 November 2024

   Banking Sector

   75. Deputy Bernard J. Durkan asked the Minister for Finance whether consideration might be given to a change in the way investment funds interact with consumers with particular reference to those funds who have bought impaired mortgages at a lower than face value rate, but who continue to exert pressure on the borrower for the full face value of the loan including arrears and interest; if consideration might be given to settlement nearest to price they bought the loan for notwithstanding moral hazard; and if he will make a statement on the matter. [46028/24]

   Source: written

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• Banking Sector

  xml · EN · 7 November 2024

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• Durkan, Bernard J. · Asking member
• Finance · Finance · Addressed to

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