Oireachtas Joint and Select Committees
Wednesday, 30 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland
12:20 pm
Kevin Humphreys (Dublin South East, Labour) | Oireachtas source
Where people want to remain in their homes and where there are viable solutions on offer, in some cases the attitude and the policies of the banks - which is not to write down anything on the secured debt - is to force people out of their homes. This is despite the fact that there would be a greater return if they facilitated a certain level of write-down.
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