Rose Conway Walsh (Sinn Fein) | Oireachtas source

Can Mr. Masding see it from our point of view? He is giving us assurances that homeowners are going to be protected. Really, when one scratches the surface, they are not going to be protected at all. They certainly will not be protected from the flipping over of the mortgages to somebody else, and Start Mortgages will not even come before the committee. Mr. Masding can see where our concerns are coming from.

I am really concerned about performing loans where the homeowner is paying his or her mortgage diligently. He or she may have bought another property and may have been enticed by the bank to buy another property during the boom, and then got into trouble with that mortgage. Are they two separate contracts? When a person has their home, and then he or she decides to buy another home, is that two separate contracts?