Department of Finance Archives - Page 2 of 4

Number of borrowers in mortgage arrears down by 11,000 since March

There are almost 11,000 fewer mortgages in arrears than at the beginning of the year according to new figures from the Department of Finance. The number of loans in arrears for principal dwellings (as opposed to investor or buy-to-let mortgages) was 100,132 at the end…

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Number of restructured mortgages nears 73,000

Mortgages & Money

The country's main six banks had agreed to a total of 72,819 permanent mortgage restructures by the end of June, the latest figures from the Department of Finance show. This represents an increase of 3,513 accounts since the end of May and 10,754 accounts since…

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Mortgage arrears levels continue to fall

General, Home, Mortgages & Money, Property News

The number of mortgage accounts in arrears for more than 90 days declined by 4,516 at the end of May, according to new Department of Finance figures. The data show the number of accounts in arrears fell from 78,435 in the first quarter to 73,719…

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Progress being made on mortgage arrears settlements

General, Home, Mortgages & Money, Property News

Engagement between consumers and lenders led to 65,698 permanent mortgage restructures by the end of April, according to the latest figures from the Department of Finance. This is an increase of 3,633 accounts compared to the end of Q1 2014 and 20,521 accounts compared to…

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Over 58,000 mortgage arrears not resolved by end of February

General, Home, Mortgages & Money, Property News

By the end of January there were 58,449 mortgages in arrears of 90 days or more that were still to be restructured, a drop of 777 compared to the end of December last, according to latest Deptartment of Finance figures. Engagement between consumers and lenders…

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Concern for Irish Nationwide mortgage holders once their loan book is sold

General, Home, Mortgages & Money, Property News

People with Irish Bank Resolution Corporation mortgages are raising concerns that they could lose out on consumer protection when their loans are sold. Liquidators KPMG are selling 13,250 loans originally issued by Irish Nationwide. Half of the mortgages are in arrears. If the loans are bought by…

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Arrears at sub-prime lenders three times higher than national average

General, Home, Mortgages & Money, Property News

The level of mortgage arrears among sub-prime lenders is three times higher than the national average, according to figures released by the Department of Finance. Some 56 per cent of sub-prime mortgages are considered to be more than 90 days in arrears, compared to the…

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Slight fall in mortgage arrears

General, Home, Mortgages & Money, Property News

There were 80,854 mortgage accounts in arrears of greater than 90 days compared to 80,487 in August, a drop of 367 accounts, latest figures from the Department of Finance reveal today. Engagement between consumers and lenders has led to 49,304 permanent mortgage restructures, an increase…

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Banks restructured more than 49,000 mortgages by end of October

General, Home, Mortgages & Money, Property News

More than 49,000 mortgages had been restructured by Irish banks by the end of October, according to data from the Department of Finance. The latest Mortgage Arrears Data shows that 49,032 mortgages on principal dwellings had been permanently restructured by the end of the month…

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Almost one in five unable to meet full mortgage repayments

General, Home, Mortgages & Money, Property News

Almost 20 per cent of mortgage holders are still unable to meet their full mortgage repayments, and 81,156 are more than 90 days in arrears, according to recent figures from the Department of Finance. While Ireland’s six main banks upped their pace of permanent mortgage restructures…

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