Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Even if there is a default on the mortgage for a property where the loan to value ratio is 50%, the bank will not lose anything. How could a bank lose in such a scenario given that it could repossess the property secured on the loan? Unless property prices had declined by in excess of 50%, it would receive the loan back in full.