Oireachtas Joint and Select Committees
Thursday, 18 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Loans to Unregulated Private Investment Funds: Discussion
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
On owner-occupier mortgages and Mr. Kissane's experience of the types of arrangements the funds are willing to come to, will they do long-term mortgage restructures? Will organisations such as Lone Star, Cerberus, Oaktree and Tanager do basic restructures such as extending the term and interest only arrangements, which Mr. Kissane mentioned, or split mortgages? Although they do not have a long-term investment horizon, are they prepared to enter into new restructures?
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