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Most Irish Mortgage Restructurings Sustainable - Central Bank

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Irish banks have concluded deals to improve repayment terms for over a third of the more than 100,000 mortgage holders in arrears, a large majority of which should be sustainable, central bank governor Patrick Honohan said on Friday.

Around one in five home loans, worth some 18.05 billion pounds combined, are in distress in Ireland. A further 11 billion euros of investment property loans are also not being fully repaid following a property crash in 2008.

The central bank last year set binding targets to force banks to tackle the crisis. Honohan gave new figures showing that sustainable solutions had been proposed to borrowers in 48,427 cases of the 108,304 mortgages in arrears over 90 days in July.

Ah should... I wonder how many will be...

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Most Irish Mortgage Restructurings Sustainable - LOL :lol:

What about the million or so not repaying and have not been restructured?


Did something ground breaking ocurr in the last 18 months or did the governemnt commit fraud and fudge the figures?

Edited by Wurzel Of Highbridge

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