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

10:30 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I understand but it sounds drastic. These people are in arrears of less than 90 days. These mortgages are in some level of difficulty but in many cases they may well be recoverable or can be rescued with a bit of proper treatment. To have more than 3,000 in that category, who are in arrears of less than 90 days but who are heading towards losing their home, sounds like an extremely high figure.

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