Oireachtas Joint and Select Committees
Tuesday, 20 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Central Bank of Ireland
11:00 am
Gerry Horkan (Fianna Fail) | Oireachtas source
The bank might clarify the situation and issue a statement outlining the total number of mortgages, presumably not everyone is affected by the issues and the banks are 60%, 70% or 80% through the way reviewing all of the contracts. There is a great deal of uncertainty. People have lost their houses. Does the Central Bank have a figure for the number who lost their houses as a result of the wrong rate being applied to them or not being allowed to revert to tracker mortgages from fixed-rate ones? Is it five, 50 or 500?
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