Mr. Edmund Honohan:

The primary purpose is to keep the tenants in the properties. It is the Tyrrelstown problem, where the professional investor is being told to get rid of the properties and sell. It seems that these properties will, in any event, end up in social housing and we may as well take them in. I am not sure the professional investor will gain very much from being the man in the middle. He will pay rent just like any other home owner. There is also the other group of judgment mortgages. My list today was 120 cases, most of which were for money judgment. These will produce judgment mortgages which, in turn, will feed into the repossession industry.