Credit: Irish Examiner The representative body for the banking industry has stopped short of committing to reintroducing mortgage payment breaks. The head of The Irish Mortgage Holders Organisation (IMHO) has branded the refusal of banks to reintroduce mortgage payment breaks as "disgraceful". “We are not in this together, and banks...
Two-thirds in long-term mortgage arrears risk losing homes, banks say
Credit: Irish Times Banks calculate that two-thirds of those in long-term arrears on their mortgage repayments ultimately risk losing their homes, it has emerged. About 26,000 people are 720 days or more behind with their home-loan repayments, classing these debts as being in long-term arrears. An email from Central Bank economist Fergal...