Dáil Éireann Debate, Tuesday - 20 June 2017
316. Deputy Michael McGrath asked the Minister for Finance his plans to update the classification of mortgage arrears cases by the number of days to provide more detail particularly for those in arrears up to 90 days and those in arrears over 720 days; and if he will make a statement on the matter. [28415/17]
Amharc ar fhreagraThe Central Bank publishes updates on the Mortgage Arrears and Repossession figures with a significant amount of detail. The most recent set of statistics was published on 8 June 2017.
https://www.centralbank.ie/news/article/residential-mortgage-arrears-and-repossessions-statistics-q1-2017
While the Central Bank collects some additional breakdown on the up to 90 days in arrears category, these breakdowns can be affected by technical issues, mainly to do with timing, which can cause volatility in the series (e.g. reporting for bank holiday weekends , reporting of loan transfer factors and clearing of arrears from longer-term categories). Therefore, the Central Bank does not publish breakdowns for less than 90 days.
It is important to note that these same factors can also feature for the up to 90 days in arrears category, albeit to a much more limited extent. The Central Bank does not have any further breakdown on over 720 days in arrears category.
