26 Samh 2014, 14:51
Mortgage Insurance Schemes will be on the agenda of the Committee on Finance, Public Expenditure and Reform at its meeting
The schedule for the meeting is:
Session A: 10 am.
Representatives from Arch Mortgage Insurance; Genworth Mortgage Insurance Europe; and JLT Insurance Brokers Ltd.
Session B: 2 pm.
Brendan Burgess, AskAboutmoney.com; Karl Deeter, Irish Mortgage Brokers; Paul Joyce, Senior Policy Researcher, FLAC; Dr Ronan Lyons, Economist, Trinity College Dublin; and Ross Maguire, Senior Counsel, New Beginning.
Committee Chairman Dr Liam Twomey TD said: “The proposed Central Bank rules relating to mortgage deposits have attracted a lot of attention, with some concerns that it may make it difficult for many people to buy a house. Mortgage insurance schemes have been used in some countries to enable borrowers to obtain finance for housing without actually having to save the full amount that would otherwise have been insisted upon by the lenders and their regulators. Given the Central Bank proposals, it is timely that we should consider the issue of mortgage insurance schemes and how they could be applied to Ireland. Tomorrow we will discuss the issue from a consumer and industry perspective.”
This meeting will start at 10am on Thursday, 27th November 2014 in Committee Room 3.
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Committee Membership
Deputies
Tom Barry, Fine Gael
Richard Boyd-Barrett, People Before Profit
Ciaran Cannon, Fine Gael
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
Paul Murphy, Socialist Party
Mary Lou McDonald, Sinn Fein
Ciarán Lynch, Labour Party
Michael McGrath, Fianna Fáil
Kieran O’Donnell, Fine Gael
Ciara Conway, Labour
Pat Rabbitte, Labour
Arthur Spring, Labour Party
Brian Stanley, Sinn Féin
Liam Twomey, Fine Gael
Brian Walsh, Fine Gael
Senators
Sean D Barrett
Thomas Byrne
Paul Coghlan
Michael D’Arcy
Aideen Hayden
Tom Sheahan