Oireachtas Joint and Select Committees
Wednesday, 30 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland
1:25 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Can Professor Honohan see how that hands-off approach can result in inequities among individual customers? The institution one is with can be the difference between keeping one's home and not keeping it. If one bank is prepared to write off part of a mortgage to make it sustainable and another is not prepared to countenance that under any circumstances, there could not be two more radically different outcomes. It could mean the difference between keeping one's home and not keeping it. The Governor seems to be satisfied for that to continue.
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