Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

That is absolutely incredible in terms of the failure of the system. PTSB issued a statement which I believe was its second statement following its intention to package loans. It stated in the last paragraph that, potentially, there are 1,000 customers who may be suitable for the mortgage-to-rent process. One can assume that those are unsustainable mortgages, yet Mr. McCarthy says such a paltry number have been passed since its inception. There is something seriously wrong here. We have not even moved on to the other banks yet in terms of mortgages that may be unsustainable and the huge ambition of trying to keep homeowners in their homes and to facilitate them in that process. I am trying to figure out why this scheme is not working. There is a massive failure here. Why is it not working?