Dominic Hannigan (Meath East, Labour) | Oireachtas source

The Government is trying to clear up Fianna Fáil's mess. We know how difficult it is for people and have introduced a number of schemes to make things better. The Insolvency Service of Ireland was established on 1 March. The mortgage to rent scheme is now available across the country. We have also put in place a mortgage advisory function. There has been some, albeit limited, good news. The Central Bank's figures for March indicate that almost 80,000 mortgages have been restructured and most people are now meeting the terms of their restructured arrangements, which is welcome. In the coming weeks we will receive further reports from the banks outlining what they are doing to restructure mortgages and keep families in their houses. If the figures are lower than we wish, we will tell them they are unacceptable. We set the banks a target and put money into them. We expect them to deliver and will be keeping a close eye on them to make sure we keep as many people as possible in their homes.

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