Oireachtas Joint and Select Committees

Thursday, 27 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Insurance Schemes: Discussion

2:25 pm

Mr. Paul Joyce:

I think it would be a worthwhile exercise - I will not do it now - to see how a loan is underwritten. We talk about reckless lending, but I have not heard anybody discuss how these things come into creation. It is all in the underwriting. It is done from the top down, the bottom up and is stress tested. It is good lending. I am willing to show members how it works.

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