Oireachtas Joint and Select Committees

Tuesday, 3 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with AIB

8:00 pm

Photo of Shane RossShane Ross (Dublin South, Independent) | Oireachtas source

Could Mr. Duffy explain something to me about mortgage arrears? He said that 20% of those in arrears were what he calls strategic defaulters. He went on to say that his definition of strategic defaulters – he can correct me if I am wrong – is people who do not prioritise their mortgages. Is that right?

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