Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
10:35 am
Mr. Angel Mas:
As of late, with full implementation of that strategy we have been formalising our payments to some of our protected banks by supporting them on split mortgage solutions. This means that whenever the bank applies a split mortgage solution to a borrower in arrears, we chip in a significant part of the protection, not having a full default and foreclosure, so that part of that money can be applied to that split mortgage resolution.
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