Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
4:30 pm
Ms Ann Nolan:
I do not have enough insight into the actual contractual interest rates that Irish Nationwide, which is the originator of most of these loans, had in place. I am not clear as to what conditions exist that would allow the purchaser of the loans to increase interest rates. Obviously, it would be a matter of concern if a very aggressive line was taken but I could not speak to whether or what we could or should do about that or whether ---
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