7 Aib 2014, 11:17
The Committee on Finance, Public Expenditure and Reform will resume its hearings on mortgage arrears tomorrow, Tuesday 8th April, 2014 when it meets with Ulster Bank Chief Executive Jim Brown.
Committee Chairman Ciarán Lynch TD said: “Tomorrow we will continue our series of hearings on mortgage arrears and the resolution process to deal with the issue of arrears by providing long-term solutions.
“According to the latest figures released by the Central Bank, the numbers of homeowners in mortgage arrears of over three months has fallen for the first time in almost five years. However, those figures mask a very worrying trend in long term arrears whereby those behind in repayments by more than two years has risen.
“Tomorrow we will have an opportunity to consider how Ulster Bank is meeting its target of providing sustainable mortgage solutions for distressed borrowers and ensuring that there is a consistency of approach in dealing with distressed borrowers. Committee members will also want to discuss how the bank is dealing with the new insolvency legislation and the Insolvency Service of Ireland.”
This meeting will take place at 2pm on Tuesday, 8th April 2014 in Committee Room 1, Leinster House 2000.
Committee proceedings can be followed live here.
Committee proceedings can also be viewed on the move, through the Houses of the Oireachtas Smartphone App, available for Apple and Android devices.
Media Enquiries to:
Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2
P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551
Committee Membership
Deputies
Richard Boyd-Barrett, People Before Profit
Michael Creed, Fine Gael
Pearse Doherty, Sinn Fein
Regina Doherty, Fine Gael
Stephen Donnelly, Independent
Timmy Dooley, Fianna Fáil
Alan Farrell, Fine Gael
Sean Fleming, Fianna Fáil
Simon Harris, Fine Gael
Joe Higgins, Socialist Party
Heather Humphreys, Fine Gael
Kevin Humphreys, Labour Party
Mary Lou McDonald, Sinn Fein
Ciarán Lynch, Labour Party (Chairman)
Michael McGrath, Fianna Fáil
Dara Murphy, Fine Gael
Kieran O’Donnell, Fine Gael
Aodhán O Ríordáin, Labour
Arthur Spring, Labour Party
Brian Stanley, Sinn Féin
Liam Twomey, Fine Gael
Senators
Sean D Barrett
Thomas Byrne
Paul Coghlan
Michael D’Arcy
Aideen Hayden
Tom Sheahan