Oireachtas Joint and Select Committees

Thursday, 17 May 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Resolution of Non-Performing Loans: Discussion (Resumed)

10:00 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

What else needs to be done? I ask the question because Mr. Hall says 17,000 families may be evicted, and that the number is growing. I read in an article in one newspaper last weekend that €15 billion would be the total value of mortgages being sold to vulture funds by the banks because of the action of ACC Loan Management and others. What will save these families from repossession? Is iCare the only solution that is available? What other intervention is necessary by the State, for example?

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