Oireachtas Joint and Select Committees
Thursday, 5 December 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank: Discussion
Rose Conway Walsh (Sinn Fein) | Oireachtas source
A rate of 4.5% for customers is just too high. I ask the Governor to continue to look at that in his new role and to see how it can be addressed to give a break to customers and mortgage holders. I have several questions but one leads on from my earlier points. With regard to those interest-only products and non-performing loans, I am concerned about the number of mortgages classed as non-performing loans that are sold on and then sold on again.
Apart from the criteria of the non-performing loans, does the Central Bank measure the journey of a loan in how many times loans are bundled and sold on from one vulture fund to another?
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