Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cormac McCarthy:

And typically the portfolio would have had that, so in a balanced portfolio you would have had an average life. In fact, the average life would have been a lot less than that, because typically in mortgages you get early repayments of capital. So actually, the life is a lot less than that. But the typical term, on average, would have been of the order of 20% to 25%.

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