PQ 88
88 Deputy Bernard J. Durkan asked the Minister for Finance the extent the lending sector has accommodated or is willing to accommodate those with mortgage arrears; if the total number of households now in such arrears can be identified accurately; if the financial institutions are prepared to accept any culpability for the current levels of arrears in view of the abandonment of good lending practices in the preceding years; if it is recognised that a major implosion in terms of mortgage lending could occur if these issues are not addressed, with particular reference to the issue of the application of compound interest, which makes it impossible for those with mortgage debt to recover; if new guidelines can be set out or arrangements entered into to address such issues; and if he will make a statement on the matter. [27897/11]
Introduced
5 October 2011
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5 October 2011
Summary
88 Deputy Bernard J. Durkan asked the Minister for Finance the extent the lending sector has accommodated or is willing to accommodate those with mortgage arrears; if the total number of households now in such arrears can be identified accurately; if the financial institutions are prepared to accept any culpability for the current levels of arrears in view of the abandonment of good lending practices in the preceding years; if it is recognised that a major implosion in terms of mortgage lending could occur if these issues are not addressed, with particular reference to the issue of the application of compound interest, which makes it impossible for those with mortgage debt to recover; if new guidelines can be set out or arrangements entered into to address such issues; and if he will make a statement on the matter. [27897/11]
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Mortgage Arrears
Mortgage Arrears
xml · EN · 5 October 2011
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- Official source: https://www.oireachtas.ie/en/debates/question/2011-10-05/88/
- Open data entity: https://data.oireachtas.ie/ie/oireachtas/question/2011-10-05/pq_88