On 13 May last the Government announced a number of new measures to support mortgage holders in arrears. This announcement was coordinated by the Department of the Taoiseach.
On a continuing basis, my Department actively engages with key stakeholders involved in addressing mortgage arrears. In addition to ongoing regular discussions with other Government Departments and agencies, in advance of the recent announcement, discussions have been held over recent months with a range of individuals and organisations including - the Central Bank, the Insolvency Service of Ireland, the Housing Agency, FLAC, MABS, the Irish Mortgage Holders Organisation, the Phoenix Project, StepChange, the consumer advocate Mr. Brendan Burgess, the Banking & Payments Federation of Ireland (BPFI) and the main mortgage lenders.
These engagements have been very useful and allow for a greater understanding of the issues which in turn assists in developing the Government's strategy to deal with mortgage arrears.