Mortgage Data

Dáil Éireann Debate, Tuesday - 17 January 2017

Tuesday, 17 January 2017

Questions (319)

Michael McGrath

Question:

319. Deputy Michael McGrath asked the Minister for Finance further to the data provided in the third quarter of 2016 Central Bank mortgage arrears statistics publication, page 11, the number of the 2,105 PDH mortgages which have been restructured or were restructured while the loan was actually owned by the unregulated loan owner; the number that had already been restructured at the time the loan was sold onto the unregulated loan owner; and if he will make a statement on the matter. [1841/17]

Written answers

Minister for Finance

I am informed by the Central Bank that it is unable to provide this information in the format requested. 

I would however refer the Deputy to the Central Bank's Report on Mortgage Arrears, published on 16th December at http://www.finance.gov.ie/sites/default/files/Mortgage%20Arrears%20Report%20-%20FINAL.pdf, which found that there is a broad range of available restructures offered and delivered by both bank and non-bank entities and there is strong evidence that both banks and non-banks look to exhaust available restructure options before moving to the legal process.