Oireachtas Joint and Select Committees
Thursday, 27 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Insurance Schemes: Discussion
10:45 am
Mr. Joe Leddin:
I think somewhere in the 90% to 95% zone would be appropriate. It is down to the capacity and willingness of third-party insurers to take on the risk and transfer it from the State and the banks. For me, a key component is the income multiples and the capacity to repay. The insurance companies' willingness or unwillingness rests on that component.
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