Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

In their response to question 46, the witnesses state that unlike other markets, their mortgage book, both tracker and standard variable rate, has been loss marking. That seems a remarkable admission. Is it the case that the mortgage business as it currently stands is unsustainable? Does that mean that in the short to medium term there is no proposition of a cut to the rate for mortgage holders?