Tuesday, 19 February 2019

Ceisteanna (148)

Michael McGrath

Ceist:

148. Deputy Michael McGrath asked the Minister for Finance if his attention has been drawn to the fact that a company (details supplied) is reporting the full mortgage loan balance as arrears following the serving of a demand letter on the mortgage holder; the action being taken on same; and if he will make a statement on the matter. [7753/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

Assuming the Deputy is referring to statistical data reporting by firms on Mortgage Arrears and Repossessions Statistics, I am advised by the Central Bank that a statistical data reporting issue was addressed by a revision to the Mortgage Arrears and Repossession Statistics published in December 2018. This was done to ensure harmonised reporting across all reporting agents. In previous submissions to the Central Bank, one portfolio was reported as fully in arrears where a formal demand for repayment had been made, as opposed to the outstanding arrears figure only. The Deputy should be aware that the Central Bank cannot comment on individual firms.