Oireachtas Joint and Select Committees
Wednesday, 9 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB
10:20 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I am on the spreadsheet. It is a single page, showing less than 7,000 such cases, whereas almost 10,000 appear on the PowerPoint slide under the heading of "closure", which means legal proceedings, repossession or assisted voluntary sales. That is an additional 3,000 cases. Mr. O'Sullivan's explanation appears to be that these are outside of MART, which means they are less than 90 days in arrears. However, that is an additional 3,000 people who have lost a home or who are heading down that road and who are not covered by MART. How can Mr. O'Sullivan explain that?
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