Fiona Muldoon Archives - MyHome.ie Advice & Blog

Debt write-downs now possible under pilot scheme

A major new initiative has been agreed with the banks and the Central Bank to alleviate the debt burden of over-stretched borrowers. The new structure, which will operate on a pilot basis from next month, will include a write-down of debts. The Central Bank said…

Mortgage holders continuing to struggle, insists MacSharry

General, Home, Mortgages & Money, Property News

Struggling mortgage-holders across the country need to see a complete change in direction from the Government in its dealings with the banks, according to Fianna Fáil Senator Marc MacSharry. Speaking in the Seanad on proposals to tackle mortgage arrears put forward by independent Senator Seán…

Banks will have to charge customers more, insists Elderfield

General, Home, Mortgages & Money

Irish banks face the uncomfortable task of "telling the neighbours who donated blood to them that they need to charge them more as customers," according to the Financial Regulator. Speaking at an event in UCC, Matthew Elderfield said the banks were out of the "critical…

Will Muldoon's speech rock the banks into action?

General, Home, Mortgages & Money, Property News

Fiona Muldoon’s speech earlier this week certainly rocked our country’s banks. The Director of Credit Institutions and Insurance Supervision for the Central Bank castigated our lending institutions for their failure to deal with the country’s mortgage crisis. Her straight talking was refreshing though and shows…

Taoiseach calls on banks to engage with those in mortgage arrears

General, Home, Mortgages & Money, Property News

The Taoiseach Enda Kenny has told banks to "get up and do it now" and engage with mortgage holders in distress. It comes after the Central Bank's Fiona Muldoon, claimed financial institutions were behaving like teenagers in dealing with the arrears crisis. Mr Kenny has…

Hobbs urges Central Bank to force banks to engage with customers

General, Home, Mortgages & Money, Property News

The Central Bank is being told it should have gone further in criticism of other banks yesterday. In a hard-hitting address, the Director of Credit Institutions and Insurance Supervision, Fiona Muldoon, told the Irish Banking Federation that the industry has not been humbled by the…

Lenders criticised over arrears

General, Home, Mortgages & Money, Property News

The Central Bank's head of banking supervision Fiona Muldoon has sharply criticised the banks for their slow progress in tackling mortgage arrears cases saying that the scale of the problem showed that "wait and see" had become the strategy of choice for lenders. Speaking to…

37,000 buy to let mortgages in arrears

General, Home, Industry News, Mortgages & Money, Property News, The Investor

37,000 buy to let mortgages are in arrears, according to new figures from the Central Bank. A presentation this morning by Credit Institutions and Insurance Supervision director Fiona Muldoon also revealed that a further 11,000 buy to let mortgages are restructured and not in arrears.…