Dáil Éireann Debate, Tuesday - 11 October 2011
120 Deputy Michael McGrath asked the Minister for Finance, further to Parliamentary Question No. 144 of 4 October 2011, if he will provide details on the number of residential mortgages which have been reported to the Central Bank of Ireland as being in arrears of less than 90 days as at 30 June 2011. [28799/11]
View answerThe Central Bank has informed me that each quarter it publishes data from lenders on mortgage arrears greater than 90 days in relation to principal private residences. While details of loan accounts in arrears, including loans greater than 90 days in arrears and loans less than 90 days in arrears are reported to the Central Bank, it is data relating to arrears greater than 90 days that give a more accurate reflection of the level of current arrears and the trend therein. Data relating to arrears of less than 90 days is not published because this is not particularly reliable and can include various once off factors such as a payment missed due to a holiday or a single missed direct debit.
